Updated Sep 21, 2026
SOLDMultiFamily
Tarek Balis Acquires Multifamily Property In Dania For $6,300,000 With Elior Levi As The Broker
32 Southeast 2nd Avenue, 211 Southeast Park Street & 11 Southeast 2nd Avenue
$6,300,000
$2,661/SF
Building Size
2,367 SF
Asset Type
MultiFamily
Closing
Sep 15, 2026
About this deal
AI
MultifamilyThe asset involved in the transaction is a multifamily property located at 32 Southeast 2nd Avenue, 211 Southeast Park Street, and 11 Southeast 2nd Avenue in Dania. The sale price for the property was $6,300,000, comprising a total of 42 units, which brings the price per unit to $150,000. The total square footage of the property is 17,943, resulting in a price per square foot of $351.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Buyer: Tarek Balis
- Seller: Ben Damse
- Broker: Elior Levi - Fausto Commercial Realty Consultants
- Units: 42
- Price Per Unit: $150,000
- Square Footage: 17,943
- Price Per Square Foot: $351
Key individuals in this transaction include the buyer Tarek Balis and the seller Ben Damse, with Elior Levi representing the broker Fausto Commercial Realty Consultants in the deal. The transaction underscores the collaboration between the involved parties in the multifamily real estate market.
Players
Dania 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93