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
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