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Hanan Shany Acquires Hollywood Multifamily For $2.3M

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SOLD
$2,300,000

Florida

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MultiFamily11,866 SF
Sold 09/29/2022
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Property Image
SOLD

Hanan Shany Acquires Hollywood Multifamily For $2.3M

2000 Jefferson Street

See Similar Deals
MultiFamily11,866 SF
Sold 09/29/2022
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$193
Total Square Footage:11,866 SF
Transaction Type:Sale

The multifamily property located at 2000 Jefferson Street in Hollywood has been sold. The transaction was completed on 09/29/2022, with a sale price of $2,300,000. The property consists of 18 units, with a price per unit (PPU) of $127,777. The total square footage of the property is 11,866, and the price per square foot (PPSF) is $194. The buyer of the property is Hanan Shany, while the seller is Jeffrey Prell. The deal was facilitated by Nelson Ilceus from Colliers.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Units: 18
  • Price per Unit (PPU): $127,777
  • Square Footage: 11,866
  • Price per Square Foot (PPSF): $194

Nelson Ilceus from Colliers played a pivotal role as the broker in this transaction. Their expertise and negotiation skills helped facilitate the successful sale of the property. The involvement of Hanan Shany as the buyer and Jeffrey Prell as the seller further demonstrates the collaborative effort behind this multifamily property deal.

Players

Nelson Ilceus
13 deals$39.4M volume
BROKER

Details

SOLD
IMAGE: Nelson Ilceus DATE: 09/29/2022 ADDRESS: 2000 Jefferson Street MARKET: Hollywood ASSET TYPE: Multifamily BUYER: Hanan Shany SELLER: Jeffrey Prell BROKER: Nelson Ilceus (@NelsonIlceus_f) - Colliers SALE PRICE: $2,300,000 UNITS: 18 ~ PPU: $127,777 SF: 11,866 ~ PPSF: $194

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

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08