Updated Oct 29, 2024
Gregory Partners LLC Acquires Hollywood Multifamily For $2.15M
5843 Gregory Road, Hollywood, FL, USA
$2,150,000
$357/SF
Building Size
6,022 SF
Asset Type
MultiFamily
Closing
Sep 16, 2019
About this deal
AI
The multifamily property located at 5843 Gregory Avenue in Hollywood has been sold. The transaction took place on 09/17/2019. The property, with a total area of 6,022 square feet, consists of 10 units. The sale price for this asset was $2,150,000, resulting in a price per square foot of $357.02. The buyer of the property was Gregory Partners LLC, while the sellers were Jeff Pressman and Greg Pressman.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Date: 09/17/2019
- Address: 5843 Gregory Avenue
- Market: Hollywood
- Square Footage: 6,022
- Number of Units: 10
The deal was facilitated by the brokers Jason Tuvia, Matt Ziegler, and Brandon Evans. They represented the buyer, seller, and the asset respectively. It is worth noting that the purchase price per unit for this property was $215,000.
Players
Fort Lauderdale 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93