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1843 Dewey Street

Santiago Morales Broc Acquires Multifamily Property At 1843 Dewey Street For $3.625M
SOLDMultiFamily

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

Carl Gorman

APEX Capital Realty

Broker

$34.9M

vol

14 deals

Broker
Alejandro Gershanik

Alejandro Gershanik

Seller

$94.9M

vol

34 deals

Seller

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