Marc Eisenmann Acquires Hollywood,FL Hotel From Gil Shcolyar For $2.5M
SOLD
Florida
See Similar DealsHotel4,409 SF
Sold 03/18/2022
SOLD
Marc Eisenmann Acquires Hollywood,FL Hotel From Gil Shcolyar For $2.5M
315 Cleveland Street, Hollywood, Florida 33019, United States
See Similar DealsHotel4,409 SF
Sold 03/18/2022
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$567
Total Square Footage:4,409 SF
Transaction Type:Sale
The hotel located at 315 Cleveland St in Hollywood, FL has been sold in a transaction that took place on March 18, 2022. The property spans across 4,409 square feet. The sale price for the hotel was $2,500,000, resulting in a price per square foot of $567.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $2,500,000
- Address: 315 Cleveland St
- Market: Hollywood, FL
- Size: 4,409 square feet
- Price per square foot: $567
Marc Eisenmann purchased the hotel from Gil Shcolyar.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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