Jeffrey Burns Acquires Land In Hollywood For $4.2M
1744 North Federal Hwy, Hollywood, FL, USA
$4,200,000
$169/SF
Building Size
24,839 SF
Asset Type
—
Closing
Sep 23, 2021
About this deal
AI
The property involved in this closed transaction is a land located at 1744 Federal Hwy in Hollywood. The land is being sold from Lofts At Jackson Street LLC, Soho Lofts II LLC & Soho Lofts I LLC to Jeffrey Burns for a sale price of $4,200,000. No additional information is available regarding the characteristics of the land or its market value.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $4,200,000
- Buyer: Jeffrey Burns
- Seller: Lofts At Jackson Street LLC, Soho Lofts II LLC & Soho Lofts I LLC
Jeffrey Burns is the buyer in this transaction, while the sellers are Lofts At Jackson Street LLC, Soho Lofts II LLC & Soho Lofts I LLC. No additional information is available regarding the individuals or companies involved in this deal.
Players
Hollywood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93