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2635 Lincoln Street, Hollyw...

Meir Cohen Acquires Hollywood Multifamily Property For $8M
SOLDMultiFamily

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

Edward Ohayon

Broker

$8M

vol

1 deal

Broker
Meir M. Cohen

Meir M. Cohen

Cohen Equities

Buyer

$30.9M

vol

5 deals

Buyer
CG
Coastline Management GroupSeller

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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93