William Schwitzer & Associates Acquires Hollywood Condo From Jorge M. Perez
3951 S Ocean Dr, Hollywood, FL, USA
$6,000,000
$1,187/SF
Building Size
5,051 SF
Asset Type
—
Closing
May 4, 2021
AI
A luxury condo located at 3951 S Ocean Dr in Hollywood has recently been sold. The property, spanning a total of 5,051 square feet, was sold for $6,000,000, with a price per square foot of $1,188. The transaction took place on May 5, 2021. The seller of the condo was Jorge M. Perez.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,000,000
- Address: 3951 S Ocean Dr, Hollywood
- Square Footage: 5,051
- Price per Square Foot: $1,188
The buyer of the property is William Schwitzer, who represents William Schwitzer & Associates. The brokerage firm involved in the deal includes Oren Alexander from Alexander Team, Isaac Lustgarten, and Gillian Fessler from Douglas Elliman.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93