Shalom Edelkopf Of LoKation® Real Estate Represents Multifamily Sale In Davie For $8M
SOLD
$8,000,000
Florida
See Similar DealsMultiFamily31,160 SF
Sold 11/12/2024
SOLD
Shalom Edelkopf Of LoKation® Real Estate Represents Multifamily Sale In Davie For $8M
5060 Southwest 64th Avenue
See Similar DealsMultiFamily31,160 SF
Sold 11/12/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:31,160 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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