Eyal Melamed Sells Multifamily Property In Hollywood For $900,000
2201 Greene Street, Hollywood, FL, USA
$900,000
$194/SF
Building Size
4,617 SF
Asset Type
MultiFamily
Closing
Apr 11, 2021
AI
Located at 2201 Greene Street in Hollywood, this multifamily property recently underwent a closed sale transaction. The property spans across 4,617 square feet and boasts a sale price of $900,000. With an asking price of $974,000, the property was sold at a slightly lower amount. The price per square foot comes to $195. The transaction took place on 04/12/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $900,000
- Address: 2201 Greene Street
- Market: Hollywood
- Broker: Eyal Melamed @Eyalamed
Eyal Melamed from Eyal Melamed represented the parties involved in this transaction, serving as the broker. The sale of this multifamily property in Hollywood is notable for its sale price, which was negotiated down to $900,000 from an initial asking price of $974,000. This successful deal highlights the expertise and negotiation skills of Eyal Melamed in the real estate market.
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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93