Mendel Steiner Acquires Multifamily Property In Hollywood, FL From Madeleine Banna & Gerda Banna For $6.8M
SOLD
$6,778,667
Florida
See Similar DealsMultiFamily14,430 SF
Sold 02/10/2022
SOLD
Mendel Steiner Acquires Multifamily Property In Hollywood, FL From Madeleine Banna & Gerda Banna For $6.8M
1610 North Dixie Highway, Hollywood, Florida 33020, United States
See Similar DealsMultiFamily14,430 SF
Sold 02/10/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$469
Total Square Footage:14,430 SF
Transaction Type:Sale
The multifamily property located at 1610 N Dixie Hwy in Hollywood, FL has been sold. The transaction took place on February 10, 2022. The property spans across 14,430 square feet and was sold for a total price of $6,778,667, resulting in a price per square foot of $469.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,778,667
- Address: 1610 N Dixie Hwy, Hollywood, FL
- Market: Hollywood, FL
- Square Footage: 14,430
Mendel Steiner purchased the property from Madeleine Banna & Gerda Banna. No further details regarding the buyer or seller were provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$361,528.90
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,083.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,134.34
Annual Debt Service$385,612.08
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