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1505 Washington Street, Hol...

Cedric Teboul & Guy Weissmann Acquire Multifamily Property On Washington St In Hollywood For $1.625M
SOLDMultiFamily

Cedric Teboul & Guy Weissmann Acquire Multifamily Property On Washington St In Hollywood For $1.625M

1505 Washington Street, Hollywood, Florida 33020, United States

$1,625,000

$431/SF

Building Size

3,767 SF

Asset Type

MultiFamily

Closing

Feb 14, 2022

AI

The multifamily property located at 1505 Washington St in Hollywood has been sold. The property consists of 12 units with a total square footage of 3,767. The asking price for the property was $1,690,000, and it was sold for $1,625,000. This amounts to a price per unit of $135,417 and a price per square foot of $431.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,625,000
  • Address: 1505 Washington St, Hollywood
  • Market: Hollywood
  • Buyer: Cedric Teboul & Guy Weissmann - Miabby LLC (www.Miabby.com)
  • Seller's Representative: Eyal Melamed - Isram Realty
  • Buyer's Representative: Kaya Teboul - Kaya Wolf D.R.E.A.M. LLC

Cedric Teboul, Guy Weissmann, and their company Miabby LLC were the buyers of the property. Eyal Melamed from Isram Realty acted as the representative for the seller. Kaya Teboul, representing Kaya Wolf D.R.E.A.M. LLC, assisted Cedric Teboul and Guy Weissmann in the transaction.

Players

Eyal Melamed

Broker

$8.6M

vol

4 deals

Broker

Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93