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Akiva Gelb Purchases Multifamily Asset From Louise Richard In Hollywood For $1.2M

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SOLD
$1,200,000

Florida

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MultiFamily2,643 SF
Sold 02/26/2025
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Property Image
SOLD

Akiva Gelb Purchases Multifamily Asset From Louise Richard In Hollywood For $1.2M

1850 Rodman Street

See Similar Deals
MultiFamily2,643 SF
Sold 02/26/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$454
Total Square Footage:2,643 SF
Transaction Type:Sale

The multifamily asset located at 1850 Rodman Street in Hollywood has been sold for $1,200,000. The property comprises 2,643 square feet and contains five units, resulting in a price per unit of $240,000 and a price per square foot of $454.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 5
  • Square Footage: 2,643
  • Price Per Unit: $240,000
  • Price Per Square Foot: $454
  • Buyer: Akiva Gelb
  • Seller: Louise Richard
  • Broker: Elior Levi - Fausto Commercial Realty Consultants

In this transaction, Elior Levi represents the broker Fausto Commercial Realty Consultants. The involvement of Akiva Gelb as the buyer and Louise Richard as the seller highlights the key participants in this asset transfer within the multifamily market.

Players

Elior Levi
38 deals$100.9M volume(954) 743-7594
BROKER

Details

SOLD
IMAGE: Elior Levi DATE: 02/26/2025 ADDRESS: 1850 Rodman Street MARKET: Hollywood ASSET TYPE: Multifamily BUYER: Akiva Gelb SELLER: Louise Richard BROKER: Elior Levi (@EliorLevi17) - Fausto Commercial Realty Consultants (@FaustoCommercial) SALE PRICE: $1,200,000 UNITS: 5 ~ PPU: $240,000 SF: 2,643 ~ PPSF: $454

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35