Santiago Morales Broc Acquires Multifamily Property At 1843 Dewey Street For $3.625M
1843 Dewey Street
$3,625,000
$409/SF
Building Size
8,855 SF
Asset Type
MultiFamily
Closing
May 8, 2025
AI
The transaction involves a multifamily property located at 1843 Dewey Street in the Hollywood market. The asset was sold for $3,625,000 and encompasses a total square footage of 8,855, equating to a price per square foot of $409.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,625,000
- Address: 1843 Dewey Street
- Market: Hollywood
- Square Footage: 8,855
- Price Per Square Foot: $409
- Buyer: Santiago Morales Broc
- Seller: Alejandro Gershanik
- Brokers: Carl Gorman & Ricardo Lay - APEX Capital Realty
In this deal, Santiago Morales Broc acquired the property from Alejandro Gershanik, with Carl Gorman and Ricardo Lay of APEX Capital Realty representing the seller in the transaction. This representative role was crucial in facilitating the sale in the competitive Hollywood market.
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
4.38%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93