Demian Perelmuter Acquires Multifamily Property In Dania Beach For $7.8M
SOLD
Florida
See Similar DealsMultiFamily38,800 SF
Sold 02/08/2023
SOLD
Demian Perelmuter Acquires Multifamily Property In Dania Beach For $7.8M
311 Gulfstream Road
See Similar DealsMultiFamily38,800 SF
Sold 02/08/2023
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
- 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.
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Deal Type
30 years
10 years
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
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