Shlomo Fedida & Meir Elfassy Acquire Multifamily Property In Hollywood For $2M
4590 North Ocean Drive, Hollywood, FL, USA
$2,000,000
$500/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Dec 2, 2021
AI
The multifamily property located at 4590 N Ocean Drive in Hollywood, was sold on 12/02/2021. The property, with a total area of 4,000 square feet, consists of 2 units. The sale price for the property was $2,000,000, resulting in a price per unit of $1,000,000 and a price per square foot of $500. The transaction was completed by the buyer, Shlomo Fedida & Meir Elfassy, and the seller, Jay Sanderson. The buyer was represented by Daniel Fedida from Pointe Development Company.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 4590 N Ocean Drive
- Market: Hollywood
Daniel Fedida from Pointe Development Company represented the buyer, Shlomo Fedida & Meir Elfassy, in this transaction. Both buyer and seller successfully closed the deal for this multifamily property in Hollywood.
Players
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93