Updated Aug 18, 2026
Laurentiu Dumitrescu Purchases Multifamily Property At 2309 Madison St From Rafael Correa For $1,675,000
2309 Madison St
$1,675,000
$216/SF
Building Size
7,756 SF
Asset Type
MultiFamily
Closing
Jun 9, 2014
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 2309 Madison St, Hollywood. It encompasses a total square footage of 7,756 and was sold for $1,675,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,675,000.00
- Address: 2309 Madison St
- Market: Hollywood
- Square Footage: 7,756
- Buyer: Laurentiu Dumitrescu
- Seller: Rafael Correa
- Brokers: Arthur Porosoff, David Cohen (Horvath & Tremblay)
The transaction highlights the involvement of Laurentiu Dumitrescu as the buyer and Rafael Correa as the seller, with representation by Arthur Porosoff and David Cohen from the agency Horvath & Tremblay. This reflects a direct engagement between these parties in the real estate market.
Players
Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit David Cohen to view all their deals.
Browse Hollywood multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93