facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

3500 Polk Street

Pulso Capital Group Acquires Hollywood Multifamily Portfolio For $15.54M
SOLDMultiFamily

Pulso Capital Group Acquires Hollywood Multifamily Portfolio For $15.54M

3500 Polk Street

$15,540,000

Building Size

Asset Type

MultiFamily

Closing

Jun 7, 2024

AI

Located in Hollywood at 3500 Polk Street, the multifamily property consisting of 84 units was successfully transacted. The asset was sold for the asking price of $15,540,000, with each unit priced at $185,000. The buyers Inbal Ruiz, Maor Benami, and Salomon Kamkhaji of Pulso Capital Group acquired the 84-unit portfolio comprising a total of 16 folios.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,540,000
  • Units: 84
  • Price Per Unit: $185,000
  • Buyer: Inbal Ruiz, Maor Benami & Salomon Kamkhaji - Pulso Capital Group
  • Brokers: Joseph Thomas, Alec Demetriou, AJ Stanford, Adam Marcuvitz, Oscar Banegas & Aaron O’Connor - Marcus & Millichap

The deal was facilitated by a team of brokers from Marcus & Millichap, including Joseph Thomas, Alec Demetriou, AJ Stanford, Adam Marcuvitz, Oscar Banegas, and Aaron O’Connor. The successful transaction at 3500 Polk Street marks a significant investment in the Hollywood market, showcasing the expertise and collaboration among the involved parties.

Players

AJ Stanford

Marcus & Millichap

Broker

$103M

vol

11 deals

Broker

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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93