Gulfstream Apartments Dania Beach Sold For $8.9M In Multifamily Deal By Jacob Serure - SRE Commercial Group
10 Northwest 10th Court, Dania Beach, FL, USA
$8,900,000
$145/SF
Building Size
61,361 SF
Asset Type
MultiFamily
Closing
Aug 26, 2021
AI
Gulfstream Apartments Dania Beach, a 96 unit LIHTC property located at 10 NW 10th Court, has been sold in a recent transaction in Dania Beach. The multifamily asset features all 2 bedroom 1 bath units, central AC, and impact windows. The property spans a total of 61,361 square feet, with a sale price of $8,900,000. This equates to a price per square foot of $145.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,900,000
- Address: 10 NW 10th Court
- Market: Dania Beach
The sellers of Gulfstream Apartments Dania Beach are John Corbett and Hugh Jacobs. The transaction was facilitated by Jacob Serure from SRE Commercial Group, who represented the sellers in the deal. SRE Commercial Group is a reputable brokerage firm with over 15 years of experience in brokering multi-family deals. They have a strong track record in the commercial real estate market.
SRE Commercial Group's Founder Jacob Serure expressed pride in this recent sale. He stated that Gulfstream Apartments Dania Beach is a noteworthy property, offering a substantial number of LIHTC units with desirable features such as central AC and impact windows. The property's sale showcases SRE Commercial Group's expertise in brokering multi-family deals, and they are actively seeking agents interested in pursuing a career in commercial real estate.
Dania MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93