Updated Dec 21, 2023
Tiago Patricio Acquires Multifamily Property In Hollywood, FL From Gina Kolb For $2.05M With Broker Kenny Arias
2200 N Ocean Dr, Hollywood, Florida, USA
$2,050,000
$657/SF
Building Size
3,118 SF
Asset Type
MultiFamily
Closing
Jul 15, 2021
About this deal
AI
The multifamily property located at 2200 N Ocean Dr in Hollywood, FL has been sold. The property consists of 2-5 units with a total square footage of 3,118. The sale took place on 06/29/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Asking Price: $1,995,000
- Price per Square Foot: $721
Tiago Patricio has acquired the property from Gina Kolb. The transaction was facilitated by Kenny Arias of the brokerage firm.
It is worth noting that Kenny Arias is a cast member of the new and upcoming Real Estate TV show "Selling the Hamptons".
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93