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3101 South Ocean Drive, Hol...

James Fields Sells Condo At 3101 S Ocean Dr Hollywood For $5.21M With Steven Pesso As Buyer's Rep
SOLD

James Fields Sells Condo At 3101 S Ocean Dr Hollywood For $5.21M With Steven Pesso As Buyer's Rep

3101 South Ocean Drive, Hollywood, FL, USA

$5,211,250

$878/SF

Building Size

5,931 SF

Asset Type

Closing

Jul 14, 2020

AI

A 5,931 square foot condo located at 3101 S Ocean Dr Unit Hollywood, FL 33019 in Hollywood's Ocean Palms market has been sold.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,211,250
  • Address: 3101 S Ocean Dr Unit Hollywood, FL 33019
  • Market: Hollywood, Ocean Palms

Eyal Mehaber has purchased the condo from James Fields. Steven Pesso of the buyer's representative and Richard Feldman of the seller's representative were involved in the transaction.

The asking price for the condo was $5,975,000, and it was sold for $5,211,250. The price per square foot was calculated at $878.64.

Players

Steven Presson

The Corcoran Group

Broker

$66.5M

vol

4 deals

Broker

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

3.04%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93