Seamus S. Lamb & Steven Kates Acquire Hollywood, FL Condo For $4.25M
SOLD
$4,250,000
Florida
See Similar Deals2,222 SF
Sold 05/24/2022
SOLD
Seamus S. Lamb & Steven Kates Acquire Hollywood, FL Condo For $4.25M
1743 Moffett Street, Hallandale Beach, Florida 33020, United States
See Similar Deals2,222 SF
Sold 05/24/2022
Summary
FLORIDA
Price Per Square Foot:$1,912
Total Square Footage:2,222 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 1741-1743 Moffett St, Hollywood, FL. The condo spans 2,222 square feet and was sold for a price of $4,250,000, resulting in a price per square foot of $1,912.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,250,000
- Buyer: Seamus S. Lamb & Steven Kates
- Seller: David Mach & Katalin Mach
- Address: 1741-1743 Moffett St, Hollywood, FL
- Square Footage: 2,222
- Price per Square Foot: $1,912
The buyers in this transaction are Seamus S. Lamb & Steven Kates. The sellers are David Mach & Katalin Mach. The property at 1741-1743 Moffett St, Hollywood, FL was successfully sold for a total amount of $4,250,000. This transaction highlights the involvement of these key individuals and companies in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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