Marco Zarfati & Maria Rosaria Tranquillo Acquire Hollywood, FL Hotel For $2.2M
315 Roosevelt Street, Hollywood, Florida 33019, United States
$2,200,000
$600/SF
Building Size
3,665 SF
Asset Type
Hotel
Closing
Aug 9, 2022
About this deal
AI
The property involved in this transaction is a Hotel/Motel/Hostel/B&B located at 315 Roosevelt St in Hollywood, FL. The property spans a total of 3,665 square feet. The transaction took place on 08/10/2022, with a sale price of $2,200,000. This translates to a price per square foot (PPSF) of $600.
Summary of transaction details
- Property Type: Hotel/Motel/Hostel/B&B
- Transaction Amount: $2,200,000
- Address: 315 Roosevelt St
- Market: Hollywood, FL
- Square Footage: 3,665
- PPSF: $600
The buyers in this transaction are Marco Zarfati and Maria Rosaria Tranquillo. On the other hand, the sellers are Marc Eisenmann and Strid Eisenmann.
On the Map
$2,200,000
$600/SF
Hotel
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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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93