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
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