SOLDMultiFamily
AMAC Acquires 2.2 Acre Development Site In Hollywood For $6.6M
4465 Griffin Road, Davie, Florida 33328, United States
$6,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 3, 2022
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.
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