GDF Properties Acquires Multifamily Property In Hollywood For $3.7M
SOLD
$3,700,000
Florida
See Similar DealsMultiFamily22,705 SF
Sold 06/30/2020
SOLD
GDF Properties Acquires Multifamily Property In Hollywood For $3.7M
2312 Madison St, Hollywood, FL 33020, USA
See Similar DealsMultiFamily22,705 SF
Sold 06/30/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$163
Total Square Footage:22,705 SF
Transaction Type:Sale
In a closed transaction on June 30, 2020, a multifamily property located at 2312 Madison St in Hollywood was sold. The property spans across 22,705 square feet with a price per square foot of $162.96. It consists of 38 units, resulting in a price per unit of $97,368. The transaction was completed for a total price of $3,700,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Address: 2312 Madison St
- Market: Hollywood
The buyer in this transaction was GDF Properties, while the seller was Doel Investments. The deal was facilitated by brokers Moshe Biton and Lena Zubkova.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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