Hanan Shany Acquires Hollywood Multifamily For $2.3M
2000 Jefferson Street
$2,300,000
$193/SF
Building Size
11,866 SF
Asset Type
MultiFamily
Closing
Sep 29, 2022
AI
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
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93