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315 Roosevelt Street, Holly...

Marco Zarfati & Maria Rosaria Tranquillo Acquire Hollywood, FL Hotel For $2.2M
SOLDHotel

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

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.

Players

Marc Eisenmann

Seller

$7.7M

vol

3 deals

Seller

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