Meir Cohen Acquires Hollywood Multifamily Property For $8M
2635 Lincoln Street, Hollywood, FL, USA
$8,000,000
$84/SF
Building Size
94,961 SF
Asset Type
MultiFamily
Closing
Oct 18, 2021
AI
Located in Hollywood, the multifamily property at 2635-2647 Lincoln Street was recently sold in a closed transaction. The property, comprising 77 units, offers a total area of 94,961 square feet. The sale price for this transaction was $8,000,000, resulting in a price per unit of $103,896 and a price per square foot of $84.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 2635-2647 Lincoln Street
- Market: Hollywood
Meir Cohen acted as the buyer in this transaction, while the seller was Coastline Management Group. The deal was facilitated by Edward Ohayon from Jonathan Solomon Realty, who represented the buyer in the sale.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93