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Demian Perelmuter Acquires Multifamily Property In Dania Beach For $7.8M

Property Image
SOLD
$7,800,000
Greg Matus
Dan Dratch
+ 2

Florida

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MultiFamily38,800 SF
Sold 02/08/2023
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Property Image
SOLD

Demian Perelmuter Acquires Multifamily Property In Dania Beach For $7.8M

311 Gulfstream Road

See Similar Deals
MultiFamily38,800 SF
Sold 02/08/2023
Greg Matus
Dan Dratch
+ 2
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$201
Total Square Footage:38,800 SF
Transaction Type:Sale

A multifamily property located at 311 Gulfstream Road in Dania Beach has been sold for $7,800,000. The property consists of 24 units with a price per unit of $325,000. The total square footage of the property is 38,800, resulting in a price per square foot of $201.

Summary of transaction details

The deal was facilitated by Ryan Wold, Greg Matus, Joseph Landsberg, and Dan Dratch of Franklin Street, who represented both the buyer and seller in the transaction.

Players

Greg Matus
39 deals$386.5M volume
BROKER

Dan Dratch
Franklin Street
48 deals$267.8M volume
BROKER

Ryan Wold
Franklin Street
40 deals$210.5M volume(954) 312-1678
BROKER

Joseph Landsberg
TKG Commerical
6 deals$51.2M volume(561) 405-0643
BROKER

Details

SOLD
IMAGE: Joseph Landsberg, Demian Perelmuter, Ryan Wold, Greg Matus & Dan Dratch DATE: 02/08/2023 ADDRESS: 311 Gulfstream Road MARKET: Dania Beach ASSET TYPE: Multifamily BUYER: Demian Perelmuter (@Demiperel) - F Advance Capital SELLER: Thomas Hewlett BUYER & SELLER'S REP: Ryan Wold, Dan Dratch (@DanDratch), Greg Matus (@gmatus24) & Joseph Landsberg - Franklin Street (@Franklinstreet.CRE) SALE PRICE: $7,800,000 UNITS: 24 ~ PPU: $325,000 SF: 38,800 ~ PPSF: $201

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$415,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75