Alex Calderon Acquires Multifamily Asset From Frimmi Gelb For $1.55M In Hollywood
SOLD
$1,550,000
Florida
See Similar DealsMultiFamily3,686 SF
Sold 02/19/2026
SOLD
Alex Calderon Acquires Multifamily Asset From Frimmi Gelb For $1.55M In Hollywood
206 South 15th Avenue
See Similar DealsMultiFamily3,686 SF
Sold 02/19/2026
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$420
Total Square Footage:3,686 SF
Transaction Type:Sale
The multifamily property located at 206 South 15th Avenue in Hollywood was sold for $1,550,000. This asset comprises 6 units and spans a total of 3,686 square feet, resulting in a price per unit of $258,333 and a price per square foot of $420.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Units: 6
- Square Footage: 3,686
- Price Per Unit: $258,333
- Price Per Square Foot: $420
- Buyer: Alex Calderon
- Seller: Frimmi Gelb
- Broker: Elior Levi - Fausto Commercial Realty Consultants
The transaction reflects the involvement of buyer Alex Calderon and seller Frimmi Gelb, with Elior Levi representing the seller through Fausto Commercial Realty Consultants. Their respective roles were crucial in the completion of this multifamily asset sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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