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3951 S Ocean Dr, Hollywood,...

William Schwitzer & Associates Acquires Hollywood Condo From Jorge M. Perez
SOLD

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

Isaac Lustgarten

The Corcoran Group

Broker

$262.6M

vol

24 deals

Broker
Jorge Pérez

Jorge Pérez

Related Group

Seller

$2.2B

vol

27 deals

Seller

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