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4850 SW 26th Ave Fort Laude...

Meyer Minyan Acquires MultiFamily Property In Dania Beach For $1.2M
SOLDMultiFamily

Meyer Minyan Acquires MultiFamily Property In Dania Beach For $1.2M

4850 SW 26th Ave Fort Lauderdale, FL 33312, USA

$1,200,000

$252/SF

Building Size

4,751 SF

Asset Type

MultiFamily

Closing

Aug 17, 2023

AI

A multi-family property located at 4850 Southwest 26th Avenue in Dania Beach has been sold. The property consists of 6 units and spans 4,751 square feet. It was sold for a sale price of $1,200,000, which translates to a per unit price of $200,000. The asking price for the property was $1,300,000.

Summary of transation details

  • Property Type: MultiFamily
  • Transaction Amount: $1,200,000
  • Units: 6
  • Price per Unit: $200,000
  • Square Feet: 4,751

The buyer of the property is Meyer Minyan, while the seller is Artounian Vahik. LLoyd Feinberg and Elvis A Amor PA MSIRE from Coldwell Banker represented the buyer as their broker representatives in the deal. Alexis Lizama, also from Coldwell Banker, served as the seller's representative.

Players

Alexis Lizama

Coldwell Banker

Broker

$6.9M

vol

5 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93