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

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.