Chetrit Group Acquires Hollywood Condo At 101 North Ocean Drive For $15.5M
101 North Ocean Drive, Hollywood, Florida 33019, United States
$15,500,000
$247/SF
Building Size
62,713 SF
Asset Type
Other
Closing
May 12, 2022
About this deal
AI
A condo unit located at 101 North Ocean Drive in Hollywood has been sold for $15,500,000. The sale, which took place on May 13, 2022, involved a total of 102 units with an average price per unit of $151,961.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $15,500,000
- Address: 101 North Ocean Drive, Hollywood
- Market: Hollywood
- Buyer: Chetrit Group - Joseph Chetrit
- Units: 102
- Price Per Unit: $151,961
The buyer of the property is the Chetrit Group, represented by Joseph Chetrit. The transaction marks a significant milestone in the real estate market, showcasing the continuous growth and demand for high-end condominiums in Hollywood.
Players
Hollywood Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93