Meir Cohen Acquires 77-Unit Multifamily Property In Hollywood With $6.2M Bridge Loan
2639 Lincoln St, Hollywood, FL, USA
$6,200,000
$185/SF
Building Size
33,440 SF
Asset Type
MultiFamily
Closing
Oct 14, 2021
AI
The property involved in this closed transaction is a multifamily asset located at 2639 Lincoln St in Hollywood. It has a total square footage of 33,440 and consists of 77 units. The seller in this transaction was Coastline Management Group, while the buyer was Meir Cohen.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,200,000
- Address: 2639 Lincoln St
- Market: Hollywood
- Square Footage: 33,440
- Units: 77
The loan for this transaction was provided by Sheridan Capital under a bridge loan type. The brokers involved in this deal were Noam Temchin from FM Capital, representing the buyer Meir Cohen.
Players
Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93