Updated Oct 28, 2024
Legacy Residential Group Acquires Hollywood Multifamily Property For $17.4M
4150 Davie Road Extension, Hollywood, Florida 33024, United States
$17,400,000
$195/SF
Building Size
88,893 SF
Asset Type
MultiFamily
Closing
Aug 16, 2022
About this deal
AI
The multifamily property located at 4150 Davie Road Extension in Hollywood has been sold for a total price of $17,400,000. The sale was facilitated by Legacy Residential Group, represented by Tom Cabrerizo, and the seller was Triangle Professional Building Corp. III. The property consists of 88 units, with a price per unit of $197,727. The total square footage of the property is 88,893, resulting in a price per square foot of $196.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,400,000
- Units: 88
- Price per Unit: $197,727
- Square Footage: 88,893
- Price per Square Foot: $196
Tom Cabrerizo from Legacy Residential Group represented the buyer in this transaction. The lender involved in the sale was the Bank of New York Mellon.
On the Map
$17,400,000
$195/SF
MultiFamily
View full map
Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Tomas Cabrerizo to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93