Alejandro Gershanik Acquires Hollywood Multifamily For $3.1M
SOLD
$3,125,000
Florida
See Similar DealsMultiFamily8,855 SF
Sold 11/22/2021
SOLD
Alejandro Gershanik Acquires Hollywood Multifamily For $3.1M
1843 Dewey St, Hollywood, FL, USA
See Similar DealsMultiFamily8,855 SF
Sold 11/22/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$352
Total Square Footage:8,855 SF
Transaction Type:Sale
A multifamily property located at 1843 Dewey St in Hollywood has been sold for $3,125,000. The property consists of 27 units with an average price per unit of $115,741. The total square footage of the property is 8,855, resulting in a price per square foot of $353. The sale took place on November 22, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,125,000
- Address: 1843 Dewey St
- Market: Hollywood
Alejandro Gershanik acted as both the buyer and broker for this transaction. Guy Goldberg was the seller. Alejandro Gershanik represented himself and the buyer as the broker from BM2 Realty.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,102.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,814.09
Annual Debt Service$177,769.13
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