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1840 Fletcher Street

Updated May 12, 2025

Georgina Viera Acquires Development Site On Fletcher St In Hollywood For $2.25M
SOLD

Georgina Viera Acquires Development Site On Fletcher St In Hollywood For $2.25M

1840 Fletcher Street

$2,250,000

$137/SF

Building Size

16,375 SF

Asset Type

Closing

Sep 12, 2022

About this deal

AI

The property asset involved in the transaction is a development site located at 1840 Fletcher St in Hollywood, which was sold for $2,250,000. The building square footage totals 16,375, resulting in a price per square foot of $137. The total building size is 48,096, leading to a price per building square foot of $47.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,250,000
  • Address: 1840 Fletcher St
  • Market: Hollywood
  • Total Building Square Footage: 48,096
  • Price per Building Square Foot: $47
  • Building Square Footage: 16,375
  • Price per Square Foot: $137
  • Buyer: Georgina Viera
  • Seller: David Malamud
  • Brokers: Deme Mekras & Sam Mekras - MSP Group LLC; Landys Lopez - My Best Realty Corp

The key individuals involved in the deal include Georgina Viera as the buyer and David Malamud as the seller. The brokers facilitating the transaction are Deme Mekras and Sam Mekras from MSP Group LLC, along with Landys Lopez from My Best Realty Corp, representing the interests of the respective parties in the transaction.

Players

Deme Mekras

MSP Group

Broker

$270.5M

vol

32 deals

Broker

Houston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $137 per square foot on a published $2.3M for 16,375 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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