Jonathan Honig Acquires Hotel In Hollywood From Nina Amoruso For $1,715,000
2710 N Ocean Dr
$1,715,000
$482/SF
Building Size
3,555 SF
Asset Type
Hotel
Closing
Apr 1, 2019
About this deal
AI
The property asset involved in this transaction is a hotel located at 2710 N Ocean Dr in Hollywood, featuring a square footage of 3,555. The transaction was finalized for a price of $1,715,000.00.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $1,715,000.00
- Address: 2710 N Ocean Dr
- Market: Hollywood
- Square Footage: 3,555
- Buyer: Jonathan Honig
- Seller: Nina Amoruso
- Brokers: Arthur Porosoff, Robert Paulson, Dallas Wharton
This transaction features key individuals including buyer Jonathan Honig and seller Nina Amoruso, with representation provided by brokers Arthur Porosoff, Robert Paulson, and Dallas Wharton, who facilitated the deal.
Players
Hollywood Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.25%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93