Alexis Bogomolni's ABH Developer Group Acquires Development Site In Hollywood, FL For $1.5M
SOLD
$1,500,000
Florida
See Similar DealsDevelopment Site16,360 SF
Sold 05/30/2023
SOLD
Alexis Bogomolni's ABH Developer Group Acquires Development Site In Hollywood, FL For $1.5M
1914 Pierce St Hollywood, FL 33020, USA
See Similar DealsDevelopment Site16,360 SF
Sold 05/30/2023
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$91
Total Square Footage:16,360 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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