Alan Naim Acquires MultiFamily Property In Daytona Beach For $5.1M
1825 N Atlantic Ave Daytona Beach, FL 32118, USA
$5,120,000
$173/SF
Building Size
29,525 SF
Asset Type
MultiFamily
Closing
Jul 10, 2023
AI
The property involved in this transaction is a multifamily asset located at 1825 North Atlantic Avenue in Daytona Beach. It consists of 32 units with a sale price of $5,120,000, resulting in a per unit price of $160,000. The total square footage of the property is 29,525, making the price per square foot $173.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $5,120,000
- Buyer: Alan Naim
- Seller: Carlos Oliva
- Broker: Brandon Dagnesses - Dags Group & Associates
- Units: 32
- Price per Unit: $160,000
- Total Square Footage: 29,525
- Price per Square Foot: $173
Alan Naim purchased the property from Carlos Oliva in this transaction. The deal was facilitated by Brandon Dagnesses from Dags Group & Associates, who represented both the buyer and the seller.
Players
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
3.10%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93