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311 Gulfstream Road

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

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

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

Franklin Street

Broker

$386.5M

vol

39 deals

Broker

Demian Perelmuter

F Advance Capital

Buyer

$29.9M

vol

4 deals

Buyer

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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