Shlomo Fedida & Meir Elfassy Acquire Multifamily Property In Hollywood For $2M
SOLD
$2,000,000
Florida
See Similar DealsMultiFamily4,000 SF
Sold 12/02/2021
SOLD
Shlomo Fedida & Meir Elfassy Acquire Multifamily Property In Hollywood For $2M
4590 North Ocean Drive, Hollywood, FL, USA
See Similar DealsMultiFamily4,000 SF
Sold 12/02/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$500
Total Square Footage:4,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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