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Ezra Financial Acquires Multifamily Property On Adams Street In Hollywood For $1.945M

Property Image
SOLD
$1,945,000

Florida

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MultiFamily4,291 SF
Sold 05/26/2023
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Property Image
SOLD

Ezra Financial Acquires Multifamily Property On Adams Street In Hollywood For $1.945M

2206 Adams Street

See Similar Deals
MultiFamily4,291 SF
Sold 05/26/2023
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$453
Total Square Footage:4,291 SF
Transaction Type:Sale

A multifamily property located at 2206 Adams Street in Hollywood has been sold for a price of $1,945,000. The property has a total square footage of 8,256 and a price per square foot of $236. It consists of 14 units, with an average price per unit of $138,929. The property was sold by GDF Properties to Ezra Financial. The sale was facilitated by Gabriel Pena, Connor Kerns, and Austin Graham of Matthews Real Estate Investment Services.

Summary of transation details

Ezra Financial, the buyer in this transaction, is a key player in the sale. On the other hand, GDF Properties acted as the seller of the multifamily property. The deal was successfully brokered by Gabriel Pena, Connor Kerns, and Austin Graham from Matthews Real Estate Investment Services. Their expertise and negotiation skills were instrumental in facilitating the transaction.

Players

Connor Kerns
5 deals$59.6M volume
BROKER

Gabriel Pena
Matthews
9 deals$28.1M volume
BROKER

Austin Graham
Matthews
8 deals$78.2M volume
BROKER

SELLER

Details

SOLD
IMAGE: Gabriel Pena, Connor Kerns, Austin Graham DATE: 08/10/2023 ADDRESS: 2206 Adams Street MARKET: Hollywood ASSET TYPE: Multifamly BUYER: Ezra Financial (@EzraFinancial) SELLER: GDF Properties BROKERS: Gabriel Pena (@GabePena.jpeg), Connor Kerns (@Kerns_Aye) & Austin Graham (@Austin_Graham) - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $1,945,000 SF: 8,256 ~ PPSF: $236 UNITS: 14 ~ PPU: $138,929

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,910.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,220.29
Annual Debt Service$110,643.51