Updated Dec 4, 2024
Shalom Edelkopf Of LoKation® Real Estate Represents Multifamily Sale In Davie For $8M
5060 Southwest 64th Avenue
$8,000,000
$256/SF
Building Size
31,160 SF
Asset Type
MultiFamily
Closing
Nov 12, 2024
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 5060 Southwest 64th Avenue in the market of Davie. The sale price for this asset was $8,000,000, consisting of 40 units, which results in a price per unit of $200,000. The total square footage of the property is 31,160, with a price per square foot of $256.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Units: 40
- PPU: $200,000
- SF: 31,160
- PPSF: $256
- Date of Sale: 11/12/2024
- Broker: Shalom Edelkopf - LoKation® Real Estate
Shalom Edelkopf represented the transaction, functioning as the broker for the deal. The transaction was finalized on November 12, 2024, reflecting activity in the Davie market, emphasizing broker involvement in multifamily property sales.
On the Map
$8,000,000
$256/SF
MultiFamily
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Davie 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93