Denis Barreto Jr Acquires Multifamily Property On Stirling Rd In Hollywood For $24.3M
SOLD
Florida
See Similar DealsMultiFamily65,390 SF
Sold 03/10/22
SOLD
Denis Barreto Jr Acquires Multifamily Property On Stirling Rd In Hollywood For $24.3M
7550 Stirling Road, Hollywood, Florida 33024, United States
See Similar DealsMultiFamily65,390 SF
Sold 03/10/22
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$371
Total Square Footage:65,390 SF
Transaction Type:Sale
The multifamily property located at 7550 Stirling Rd in Hollywood, FL was sold on 03/11/22. The property spans a total of 65,390 square feet. The transaction price for the property was $24,300,000, resulting in a price per square foot of $372.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $24,300,000
- Address: 7550 Stirling Rd, Hollywood, FL
- Market: Hollywood, FL
- Buyer: Denis Barreto Jr
- Seller: Eric R Wiener
- Square Footage: 65,390
- Price per Square Foot: $372
Denis Barreto Jr acted as the buyer in this transaction, while Eric R Wiener served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,296,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$86,332.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$115,194.40
Annual Debt Service$1,382,332.77
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