Keith D. Silverstein Acquires Multifamily Property In Dania, FL For $2.2M
SOLD
Florida
See Similar DealsMultiFamily1,876 SF
Sold 04/27/2022
SOLD
Keith D. Silverstein Acquires Multifamily Property In Dania, FL For $2.2M
7th Avenue, Dania Beach, Florida 33004, United States
See Similar DealsMultiFamily1,876 SF
Sold 04/27/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,160
Total Square Footage:1,876 SF
Transaction Type:Sale
The multifamily property located at 33 W 7th Ave in Dania, FL was recently sold in a closed transaction on April 27, 2022. The property spans a total area of 1,876 square feet and was purchased by Keith D. Silverstein for a price of $2,177,778. The price per square foot for this transaction was calculated to be $1,161.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,177,778
- Square Footage: 1,876
- Price per Square Foot: $1,161
- Buyer: Keith D. Silverstein
- Seller: Hilda Besner
Keith D. Silverstein acted as the buyer in this transaction, while Hilda Besner served as the seller. The deal was successfully closed, facilitating the transfer of ownership for the multifamily property in Dania, FL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$116,148.18
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,737.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,323.78
Annual Debt Service$123,885.35
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