Hirsch Sherman & Jared Levine Acquire Multifamily Property In Hollywood For $14.4M
1324 Poinsettia Avenue, Hollywood, Point Fortin, Trinidad And Tobago
$14,425,000
$422/SF
Building Size
34,172 SF
Asset Type
MultiFamily
Closing
May 21, 2019
AI
A multifamily property located at 1324 N Poinsettia Pl in Hollywood was recently sold for a price of $14,425,000. The transaction took place on May 22, 2019. The property spans across 34,172 square feet, with a price per square foot of $422.13. It comprises 51 units, with an average price per unit of $282,843.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,425,000
- Address: 1324 N Poinsettia Pl, Hollywood
- Market: Hollywood
- Square Footage: 34,172
- Price per Square Foot: $422.13
- Number of Units: 51
- Price per Unit: $282,843
The sale was facilitated by Jared Levine and Hirsch Sherman from the JML Real Estate Group.
Players
Market 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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93