Updated Oct 29, 2024
Skyland Management Acquires Multifamily Property In Dania Beach For $8.2M
25 Southwest 5th Street
$8,200,000
$198/SF
Building Size
41,302 SF
Asset Type
MultiFamily
Closing
Dec 4, 2022
About this deal
AI
A multifamily property located at 25 SW 5th St in Dania Beach has been sold for $8,200,000. The property consists of 64 units with an average price per unit (PPU) of $128,125. The total square footage of the property is 41,302, with a price per square foot (PPSF) of $199.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Address: 25 SW 5th St
- Market: Dania Beach
The buyer of the property is Skyland Management, and the seller is JDM Housing Ventures represented by David Egozi. The buyer's representative in the deal is Daniel Fedida from Realty Pointe, while Cyril Egozi from JDM Realty Group represents the seller.
On the Map
$8,200,000
$198/SF
MultiFamily
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Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93