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5621 Southwest 36th Court

Bill Jamal Acquires Davie Multifamily From German Andres Guzman For $6.45M
SOLDMultiFamily

Bill Jamal Acquires Davie Multifamily From German Andres Guzman For $6.45M

5621 Southwest 36th Court, 5661 Southwest 36th Court & 5841 Southwest 36th Court

$6,450,000

Building Size

Asset Type

MultiFamily

Closing

Feb 29, 2024

AI

The multifamily property located at 5621, 5661 & 5841 Southwest 36th Court in Davie was recently sold for $6,450,000. The transaction involved 36 units, resulting in a price per unit of $179,167.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,450,000
  • Address: 5621, 5661 & 5841 Southwest 36th Court
  • Market: Davie
  • Buyer: Bill Jamal – Davie Commons Apts. LLC
  • Seller: German Andres Guzman – RAM Davie Commons LLC
  • Brokers: Joseph Thomas & Alec Demetriou, AJ Stanford, Adam Marcuvitz, Oscar Banegas & Aaron O’Connor - Marcus & Millichap
  • Units: 36
  • Price Per Unit: $179,167

Representing the buyer in this transaction was Bill Jamal, through Davie Commons Apts. LLC, while the seller was German Andres Guzman of RAM Davie Commons LLC. The deal was facilitated by a team of brokers including Joseph Thomas, Alec Demetriou, AJ Stanford, Adam Marcuvitz, Oscar Banegas, and Aaron O’Connor, all from Marcus & Millichap.

Players

AJ Stanford

Marcus & Millichap

Broker

$103M

vol

11 deals

Broker

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

2.46%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93