Akiva Gelb Purchases Multifamily Asset From Louise Richard In Hollywood For $1.2M
SOLD
$1,200,000
Florida
See Similar DealsMultiFamily2,643 SF
Sold 02/26/2025
SOLD
Akiva Gelb Purchases Multifamily Asset From Louise Richard In Hollywood For $1.2M
1850 Rodman Street
See Similar DealsMultiFamily2,643 SF
Sold 02/26/2025
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
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
Is there something missing? Send suggestions
