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4590 North Ocean Drive, Hol...

Shlomo Fedida & Meir Elfassy Acquire Multifamily Property In Hollywood For $2M
SOLDMultiFamily

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

Daniel Fedida

Broker

$28.5M

vol

8 deals

Broker

Meir Elfassy

Buyer

$15.9M

vol

3 deals

Buyer

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