Alejandro Gershanik Acquires Hollywood Multifamily For $3.1M
1843 Dewey St, Hollywood, FL, USA
$3,125,000
$352/SF
Building Size
8,855 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
AI
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
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
5.08%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93