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17 SW 5th Ave Dania Beach, ...

BHP Community Land Trust Acquires MultiFamily Property In Dania Beach For $5.28M
SOLDMultiFamily

BHP Community Land Trust Acquires MultiFamily Property In Dania Beach For $5.28M

17 SW 5th Ave Dania Beach, FL 33004, USA

$5,280,000

$106/SF

Building Size

49,698 SF

Asset Type

MultiFamily

Closing

Jul 31, 2023

AI

The property involved in this transaction is located at 17-21 & 25 SW 5th Ave, 38, 42 & 46 SW 4th Ave & 420-428 SW 1st Ave in Dania Beach. It is a multifamily asset consisting of 30 units with a total square footage of 49,698. The sale price for the property was $5,280,000, resulting in a price per unit of $176,000 and a price per square foot of $106.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $5,280,000
  • Units: 30
  • Price per Unit: $176,000
  • Square Footage: 49,698
  • Price per Square Foot: $106

In this deal, the buyer was BHP Community Land Trust represented by Amanda Bartle. The seller was DBAK INVESTMENTS LLC, with Daniel Dabakaroff as their representative. Joseph Brikman, from The Modern Day Team at EXP Realty, served as the broker for this transaction.

It is worth noting that Joseph Brikman, the broker involved in this deal, has successfully closed another 30-unit off-market transaction in Dania Beach. Over the past year, he has transacted over $100 million in multifamily sales, primarily consisting of off-market and distressed value-add properties. He currently has more options available for purchase in the same area. For off-market value-add opportunities, interested parties can contact Joseph Brikman at 954-493-1100.

Players

Joseph Brikman

Real Broker

Broker

$16.9M

vol

7 deals

Broker

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.00%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93