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1900 Taylor Street, Hollywo...

SRE Commercial Group & Colliers International Close $11M Hollywood Multifamily Sale
SOLDMultiFamily

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

Mitash Kripalani

Colliers

Broker

$137.6M

vol

23 deals

Broker

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