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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93