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4800 Hollywood Boulevard, H...

Osbourne Mowatt Acquires Hollywood Multifamily For $2.5M From Seller Adam Snow - MSP Group
SOLDMultiFamily

Osbourne Mowatt Acquires Hollywood Multifamily For $2.5M From Seller Adam Snow - MSP Group

4800 Hollywood Boulevard, Hollywood, Florida 33021, United States

$2,500,000

$125/SF

Building Size

19,972 SF

Asset Type

MultiFamily

Closing

Dec 8, 2021

AI

A multifamily property located at 4800 Hollywood Blvd in Hollywood has been sold for a price of $2,500,000. The property consists of 22 units with an average price per unit of $113,636. The total square footage of the property is 19,972, resulting in a price per square foot of $125.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Address: 4800 Hollywood Blvd
  • Market: Hollywood

The buyer of the property is Osbourne Mowatt, while the seller is Adam Snow. The transaction was facilitated by Deme Mekras from MSP Group, who represented both parties in the deal.

For more information about MSP Group and their inventory, you can visit their website at www.MSPGroup.com or email Deme Mekras at [email protected].

Players

Deme Mekras

MSP Group

Broker

$270.5M

vol

32 deals

Broker

Adam Snow

Seller

$17.5M

vol

2 deals

Seller

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93