Frederick Shon Purchases Multifamily Property From Robert Shub In Hollywood For $5.93M

The asset involved in this transaction is a multifamily property located at 2312-2316 Madison Street, Hollywood, FL. The sale price of the property was $5,925,000, which equates to a price per unit of $155,921 for its 38 units. The total square footage of the property is 22,726, resulting in a price per square foot of $260.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,925,000
• Units: 38
• Price Per Unit: $155,921
• Square Footage: 22,726
• Price Per Square Foot: $260
• Buyer: Frederick Shon
• Seller: Robert Shub
• Broker: Shelly Poston - Gridline Properties

This transaction highlights key individuals in the real estate market, with Frederick Shon as the buyer acquiring the multifamily asset from seller Robert Shub. The transaction was facilitated by broker Shelly Poston, representing Gridline Properties.