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3600 Van Buren Street, Holl...

Adi Karadi Sells Hollywood Multifamily For $33.92M With Yoav Yuhjtman And Berkadia
SOLDMultiFamily

Adi Karadi Sells Hollywood Multifamily For $33.92M With Yoav Yuhjtman And Berkadia

3600 Van Buren Street, Hollywood, Florida 33021, United States

$33,920,000

Building Size

Asset Type

MultiFamily

Closing

Apr 28, 2022

AI

Located in Hollywood, the multifamily property at 3600 Van Buren St has recently been sold. The transaction took place on April 29, 2022, with a sale price of $33,920,000. The property consists of 160 units, making the per unit price approximately $212,000. The sale was facilitated by Yoav Yuhjtman, Roberto Pesant, Jaret Turkell, Omar Morales, and Jose Mota of Berkadia, representing the seller, Adi Karadi.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $33,920,000
  • Address: 3600 Van Buren St
  • Market: Hollywood

The sale of this multifamily property marks a significant deal in Hollywood's real estate market. The involved brokers from Berkadia, Yoav Yuhjtman, Roberto Pesant, Jaret Turkell, Omar Morales, and Jose Mota, played a crucial role in ensuring a successful transaction for their client, Adi Karadi.

Players

Jaret Turkell

Berkadia

Broker

$3.2B

vol

49 deals

Broker

Adi Karadi

Seller

$58.5M

vol

2 deals

Seller

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

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93