Eric Ontman Purchases Multifamily Property From Alejandro Gershanik For $1.35M In Hollywood
SOLD
$1,350,000
Florida
See Similar DealsMultiFamily4,456 SF
Sold 09/19/2025
SOLD
Eric Ontman Purchases Multifamily Property From Alejandro Gershanik For $1.35M In Hollywood
5926 Pierce Street
See Similar DealsMultiFamily4,456 SF
Sold 09/19/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$303
Total Square Footage:4,456 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily residential building located at 5926 Pierce Street in the Hollywood market. The sale price was set at $1,350,000, comprising 8 units and spanning a total square footage of 4,456. The price per unit is calculated at $168,750, while the price per square foot stands at $302.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 8
- Square Footage: 4,456
- Price Per Unit: $168,750
- Price Per Square Foot: $302
- Buyer: Eric Ontman
- Seller: Alejandro Gershanik
- Broker: Elior Levi - Fausto Commercial Realty Consultants
This transaction features key individuals including the buyer, Eric Ontman, and the seller, Alejandro Gershanik. Elior Levi represented the broker firm Fausto Commercial Realty Consultants in this deal, facilitating the transaction on behalf of the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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