Updated Oct 28, 2024
AMAC Acquires 2.2 Acre Development Site In Hollywood For $6.6M
4465 Griffin Road, Davie, Florida 33328, United States
$6,600,000
Units
180
Asset Type
MultiFamily
Closing
Feb 3, 2022
About this deal
AI
A development site located at 4465 Griffin Road in Hollywood has been sold for a price of $6,600,000. The site spans an area of 2.2 acres and is categorized as a Development Site.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,600,000
- Address: 4465 Griffin Road
- Market: Hollywood
- Buyer: AMAC - Maurice & Ivan Kaufman
- Seller: PrivCap Companies
The buyer, AMAC represented by Maurice & Ivan Kaufman, has acquired the development site from the seller, PrivCap Companies.
The multifamily sale at 4465 Griffin Road, Davie, Florida 33328, United States in Fort Lauderdale, Florida sold for $6.6M in 2022. Reported inventory is 180 units across 180 units. Named participants on the 4465 Griffin Road, Davie, Florida 33328, United States sale are Maurice Kaufman, Ivan Kaufman. This page is the Fort Lauderdale, Florida file for the 4465 Griffin Road, Davie, Florida 33328, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale multifamily set by closing date to see what else sold near 4465 Griffin Road, Davie, Florida 33328, United States around 2022. Published consideration for 4465 Griffin Road, Davie, Florida 33328, United States is $6.6M, dated 2022. Cite this AMAC Acquires 2.2 Acre Development Site In Hollywood For $6.6M sale when underwriting similar multifamily product around Fort Lauderdale, Florida.
Players
Fort Lauderdale 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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93