Ofer Sela & Ran Dolev Acquire Multifamily Property On Madison St For $2.75M
SOLD
Florida
See Similar DealsMultiFamily6,776 SF
Sold 09/16/2022
SOLD
Ofer Sela & Ran Dolev Acquire Multifamily Property On Madison St For $2.75M
1639 Madison Street, Hollywood, Florida 33020, United States
See Similar DealsMultiFamily6,776 SF
Sold 09/16/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$405
Total Square Footage:6,776 SF
Transaction Type:Sale
A multifamily property located at 1639 Madison St in Hollywood, FL was recently sold for $2,750,000. This property spans 6,776 square feet, resulting in a price per square foot of $405.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Address: 1639 Madison St, Hollywood, FL
- Market: Hollywood, FL
The buyers of this property were Ofer Sela & Ran Dolev, while the seller was Maritza Madruga.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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