Demian Perelmuter Acquires Multifamily Property In Dania Beach For $7.8M
311 Gulfstream Road
$7,800,000
$201/SF
Building Size
38,800 SF
Asset Type
MultiFamily
Closing
Feb 8, 2023
AI
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
- Property Type: Multifamily
- Transaction Amount: $7,800,000
- Address: 311 Gulfstream Road, Dania Beach
- Market: Dania Beach
- Buyer: Demian Perelmuter - F Advance Capital
- Seller: Thomas Hewlett
- Buyer's Representative: Ryan Wold, Greg Matus, Joseph Landsberg, Dan Dratch - Franklin Street
- Seller's Representative: Ryan Wold, Greg Matus, Joseph Landsberg, Dan Dratch - Franklin Street
- Units: 24
- Price per unit: $325,000
- Square footage: 38,800
- Price per square foot: $201
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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93