Ronen Dagan Sells Multifamily Asset In Oakland Park For $10.15M With Brokers Dan Dratch & Ryan Wold
SOLD
Florida
See Similar DealsMultiFamily37,980 SF
Sold
SOLD
Ronen Dagan Sells Multifamily Asset In Oakland Park For $10.15M With Brokers Dan Dratch & Ryan Wold
4100 Northwest 16th Avenue
See Similar DealsMultiFamily37,980 SF
Sold
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$267
Total Square Footage:37980 SF
Transaction Type:Sale
The transaction involves a multifamily asset located at 4100 Northwest 16th Avenue in Oakland Park. The property consists of 37 units and spans a total of 37,980 square feet. The sale price was $10,150,000, resulting in a price per unit of $274,324 and a price per square foot of $267.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,150,000
- Units: 37
- Square Footage: 37,980
- Price Per Unit: $274,324
- Price Per Square Foot: $267
- Seller: Ronen Dagan
- Brokers: Dan Dratch & Ryan Wold - Franklin Street
- Market: Oakland Park
Dan Dratch and Ryan Wold represented the seller, Ronen Dagan, in this transaction, facilitating the sale of the multifamily property in Oakland Park.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$541,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,060.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,116.18
Annual Debt Service$577,394.14
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