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7381 Northwest 37th Street,...

Dekel Bitton & Ester Akiva Acquire Multifamily Property In Davie, Hollywood For $1.35M
SOLDMultiFamily

Dekel Bitton & Ester Akiva Acquire Multifamily Property In Davie, Hollywood For $1.35M

7381 Northwest 37th Street, Hollywood, Florida 33024, United States

$1,350,000

$254/SF

Building Size

5,308 SF

Asset Type

MultiFamily

Closing

May 10, 2022

AI

The multifamily property located at 7381 NW 37th St & 7391 NW 37th St in Davie, Hollywood was recently sold in a closed transaction. The property comprises 8 units and has a total square footage of 5,308. It was sold for a price of $1,350,000, resulting in a per unit price of $168,750 and a price per square foot of $254.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Date: 05/11/2022
  • Address: 7381 NW 37th St & 7391 NW 37th St
  • Market: Davie, Hollywood

The buyers in this transaction were Dekel Bitton and Ester Akiva, while the seller was Myers Herby. The deal was facilitated by broker Eyal Melamed from Nadlan in Miami (Isram Realty).

Players

Eyal Melamed

Broker

$8.6M

vol

4 deals

Broker

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93