SRE Commercial Group & Colliers International Close $11M Hollywood Multifamily Sale
1900 Taylor Street, Hollywood, Florida 33020, United States
$11,000,000
$303/SF
Building Size
36,238 SF
Asset Type
MultiFamily
Closing
Mar 24, 2022
AI
The multifamily property located at 1900 Taylor St in Hollywood has been sold for a price of $11,000,000. The property consists of 98 units with a total square footage of 36,238. The sale price per unit is $112,245, and the price per square foot is $304.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Units: 98
- Price per Unit: $112,245
- Total Square Footage: 36,238
- Price per Square Foot: $304
- Address: 1900 Taylor St, Hollywood
- Market: Hollywood
The sale of this multifamily property was facilitated by Jacob Serure from SRE Commercial Group, who represented the seller Hollywood Investments Group Inc, 1927 Taylor Inc, and Buteau, Christine Foleni & Robert Giovanni. Nelson Ilceus of Colliers International represented the buyer. This transaction marks another successful closing for Jacob Serure and his team. The properties are located within two blocks of downtown Hollywood, south of Young's Circle. Within walking distance, there are various restaurants/cafes, retail shops, and office buildings. Additionally, Hollywood Beach, Dania Point, and Fort Lauderdale are just a short drive away.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93