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Skyland Management Acquires Multifamily Property In Dania Beach For $8.2M

Property Image
SOLD
$8,200,000
Cyril Egozi
Daniel Fedida

Florida

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MultiFamily41,302 SF
Sold 12/04/2022
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Property Image
SOLD

Skyland Management Acquires Multifamily Property In Dania Beach For $8.2M

25 Southwest 5th Street

See Similar Deals
MultiFamily41,302 SF
Sold 12/04/2022
Cyril Egozi
Daniel Fedida
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$198
Total Square Footage:41,302 SF
Transaction Type:Sale

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.

Players

Daniel Fedida
Daniel Fedida
8 deals$28.5M volume(386) 366-4997
BROKER
Cyril Egozi
Cyril Egozi
2 deals$15.3M volume
BROKER
SM
Skyland Management
BUYER

Details

SOLD
IMAGE: Cyril Egozi, David Egozi & Daniel Fedida DATE: 04/12/2022 ADDRESS: 25 SW 5th St MARKET: Dania Beach ASSET TYPE: Multifamily BUYER: Skyland Management (@SkyLandmg) SELLER: JDM Housing Ventures - David Egozi BUYER'S REP: Daniel Fedida (@DFedida) - Realty Pointe (@PointeRealtyGroupFL) SELLER'S REP: Cyril Egozi (@Cizzboinz) - JDM Realty Group SALE PRICE: $8,200,000 UNITS: 64 ~ PPU: $128,125 SF: 41,302 ~ PPSF: $199

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
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