Marco Zarfati & Maria Rosaria Tranquillo Acquire Hollywood, FL Hotel For $2.2M
SOLD
$2,200,000
Florida
See Similar DealsHotel3,665 SF
Sold 08/10/2022
SOLD
Marco Zarfati & Maria Rosaria Tranquillo Acquire Hollywood, FL Hotel For $2.2M
315 Roosevelt Street, Hollywood, Florida 33019, United States
See Similar DealsHotel3,665 SF
Sold 08/10/2022
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$600
Total Square Footage:3,665 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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