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2000 Jefferson Street

Hanan Shany Acquires Hollywood Multifamily For $2.3M
SOLDMultiFamily

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

Nelson Ilceus

Colliers

Broker

$39.4M

vol

13 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93