Mendel Steiner Acquires Multifamily Property On 301 N 20th Ave In Hollywood, FL For $3.2M
SOLD
$3,200,000
Florida
See Similar DealsMultiFamily10,351 SF
Sold 03/29/2022
SOLD
Mendel Steiner Acquires Multifamily Property On 301 N 20th Ave In Hollywood, FL For $3.2M
301 North 20th Avenue, Hollywood, Florida 33020, United States
See Similar DealsMultiFamily10,351 SF
Sold 03/29/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$309
Total Square Footage:10,351 SF
Transaction Type:Sale
The multifamily property located at 301 N 20th Ave in Hollywood, FL has been sold in a closed transaction. The property spans over 10,351 square feet and was sold for a total price of $3,200,000. The price per square foot for this transaction equates to $309.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Address: 301 N 20th Ave, Hollywood, FL
- Market: Hollywood, FL
- Buyer: Mendel Steiner
- Seller: Robert Fileni Sr & Christine Buteau
- Square Footage: 10,351
- Price per Square Foot: $309
Mendel Steiner was the buyer in this transaction, while Robert Fileni Sr and Christine Buteau acted as the sellers. The deal was successfully closed on March 29, 2022. The property is a valuable addition to the buyer's portfolio and signifies a significant transaction in the Hollywood, FL market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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