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
Houston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Sam Mekras to view all their deals.
Browse Houston sales on Traded.
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