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
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