AB Asset Management Sells Multifamily Property In Davie For $5.875M
5621 Southwest 36th Court, Davie, FL, USA
$5,875,000
$235/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
AI
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
Fort Lauderdale 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
2.70%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93