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
About this deal
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
Hollywood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $878 per square foot on a published $5.2M for 5,931 square feet (2020).
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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