Alejandro Gershanik Acquires MultiFamily Property In Dania Beach For $1.1M
SOLD
$1,100,000
Florida
See Similar DealsMultiFamily3,351 SF
Sold 03/30/2023
SOLD
Alejandro Gershanik Acquires MultiFamily Property In Dania Beach For $1.1M
25 Southwest 10th Street
See Similar DealsMultiFamily3,351 SF
Sold 03/30/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$328
Total Square Footage:3,351 SF
Transaction Type:Sale
An 11-unit multifamily property located at 25 Southwest 10th Street in Dania Beach has been sold for a total of $1,100,000. The property spans 3,351 square feet, with each unit priced at $100,000. The sale price per square foot stands at $328.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,100,000
- Units: 11
- Price per Unit: $100,000
- Square Feet: 3,351
- Price per Square Foot: $328
- Address: 25 Southwest 10th Street, Dania Beach
- Market: Dania Beach
The buyer of the property is Alejandro Gershanik, while the seller is Celeste Bonner-Davis. The deal was facilitated by brokers Hernando Perez and Travis Jones from Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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