Meyer Minyan Acquires MultiFamily Property In Dania Beach For $1.2M
SOLD
$1,200,000
Florida
See Similar DealsMultiFamily4,751 SF
Sold 08/17/2023
SOLD
Meyer Minyan Acquires MultiFamily Property In Dania Beach For $1.2M
4850 SW 26th Ave Fort Lauderdale, FL 33312, USA
See Similar DealsMultiFamily4,751 SF
Sold 08/17/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$252
Total Square Footage:4,751 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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