Salvatore C. Arena Acquires 12-Unit Multifamily Property In Dania Beach For $2,005,800

The multifamily property at 707-715 Southwest 5th Street in Dania Beach, FL, encompasses 12 units spread across 7,197 square feet. The asset, covering an area of 0.37 acres, was sold for $2,005,800, translating to $167,150 per unit and $279 per square foot. The transaction reflects the market activity in the Dania Beach area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,005,800
• Buyer: Salvatore C. Arena - 707-715 SW 5th Street LLC
• Seller: GDF Properties
• Broker: Joseph Thomas - Marcus & Millichap
• Units: 12
• PPU: $167,150
• SF: 7,197
• PPSF: $279
• Mortgage: $1,203,000 from Brightstar Credit Union

The sale was represented by Joseph Thomas of Marcus & Millichap, who acted on behalf of GDF Properties in this transaction. The buyer, Salvatore C. Arena, represented his entity, 707-715 SW 5th Street LLC, in acquiring the property.