Mendel Tiefenbrun Acquires Hollywood MultiFamily For $13.875M With Marcus & Millichap
4933 Hollywood Boulevard, 5141 Hollywood Boulevard, 5420 Hollywood Boulevard & 5450 Hollywood Boulevard
$13,875,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 10, 2024
AI
The property located at 4933, 5141, 5420 & 5450 Hollywood Boulevard in Hollywood, FL, is a MultiFamily asset consisting of 75 units. The transaction closed on 07/10/2024, with a sale price of $13,875,000, resulting in a price per unit of $185,000.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $13,875,000
- Units: 75
- Price Per Unit: $185,000
- Address: 4933, 5141, 5420 & 5450 Hollywood Boulevard, Hollywood, FL
- Market: Hollywood, FL
The deal was facilitated by Joseph Thomas and Alec Demetriou from Marcus & Millichap, who represented the buyer, Mendel Tiefenbrun. Joseph Thomas and Alec Demetriou acted as the brokers in this successful transaction.
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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93