Updated Jun 5, 2025
JPMorgan Asset Management Sells Hollywood Multifamily Property For $91.7M
2300 North 29th Avenue, Hollywood, FL, USA
$91,700,000
$265/SF
Building Size
345,948 SF
Asset Type
MultiFamily
Closing
Jan 11, 2021
About this deal
AI
The multifamily property located at 2300 N. 29th Avenue in Hollywood was recently sold for a price of $91,700,000. The property consists of 336 units with an average price per unit of $272,917. The total square footage of the property is 345,948, with an average price per square foot of $265.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $91,700,000
- Address: 2300 N. 29th Avenue
- Market: Hollywood
- Units: 336
- Price per Unit: $272,917
- Square Footage: 345,948
- Price per Square Foot: $265
The sale was facilitated by JLL Capital Markets, with Matthew Lawton, Maurice Habif, Simon Banke, Ted Taylor, and Jo Rousseau representing the seller, JPMorgan Asset Management. The deal was successfully closed on 01/12/2021.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93