Alexis Bogomolni's ABH Developer Group Acquires Development Site In Hollywood, FL For $1.5M
1914 Pierce St Hollywood, FL 33020, USA
$1,500,000
$91/SF
Building Size
16,360 SF
Asset Type
Development Site
Closing
May 30, 2023
AI
The property located at 1914-1920 Pierce St in Hollywood, FL has been sold in a closed transaction. The development site spans a total of 16,360 square feet. The sale price for the property was $1,500,000, resulting in a price per square foot of $92. The buyer of the property is Alexis Bogomolni, representing ABH Developer Group.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,500,000
- Square Footage: 16,360
- Price per Square Foot: $92
- Address: 1914-1920 Pierce St, Hollywood, FL
- Market: Hollywood, FL
- Buyer: Alexis Bogomolni - ABH Developer Group
ABH Developer Group has proposed to transform the site into a 32-unit condo with a courtyard, rooftop pool, and other amenities.
Hollywood Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93