United Way Of Broward Acquires Multifamily Asset From 7 Crowns For $2.9M
2314 Polk Street
$2,900,000
$380/SF
Building Size
7,632 SF
Asset Type
MultiFamily
Closing
Mar 11, 2026
AI
This multifamily asset, located at 2314 Polk Street in the Hollywood market, has a sale price of $2,900,000. The property consists of 13 units, totaling 7,632 square feet, resulting in a price per unit of $223,076 and a price per square foot of $379.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Units: 13
- Square Footage: 7,632
- Price Per Unit: $223,076
- Price Per Square Foot: $379
- Buyer: United Way of Broward
- Seller: 7 Crowns
- Broker: Elior Levi - Fausto Commercial Realty Consultants
The transaction involved key parties, including United Way of Broward as the buyer and 7 Crowns as the seller, with representation from Elior Levi of Fausto Commercial Realty Consultants, facilitating the deal between the involved entities.
Players
Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93