AB Asset Management Sells Multifamily Property In Davie For $5.875M
SOLD
Florida
See Similar DealsMultiFamily25,000 SF
Sold 11/10/2021
SOLD
AB Asset Management Sells Multifamily Property In Davie For $5.875M
5621 Southwest 36th Court, Davie, FL, USA
See Similar DealsMultiFamily25,000 SF
Sold 11/10/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$235
Total Square Footage:25,000 SF
Transaction Type:Sale
A multifamily property located at 5621, 5661, and 5841 SW 36th Court in Davie has been sold for a sale price of $5,875,000. The property consists of 36 units, with a price per unit of $163,194. The total square footage of the property is 25,000, resulting in a price per square foot of $235.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,875,000
- Address: 5621, 5661 & 5841 Sw 36th Court
- Market: Davie
The seller of the property is AB Asset Management, represented by Getzy Fellig & Sam Zalmanov. The deal was facilitated by Felipe J. Echarte from Marcus & Millichap.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$313,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,872.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,850.50
Annual Debt Service$334,205.97
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