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
$6,778,667
$469/SF
Building Size
14,430 SF
Asset Type
MultiFamily
Closing
Feb 9, 2022
AI
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.
Players
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
2.34%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93