David O. Deutch Acquires Parking Asset In Hollywood, FL For $3.5M
SOLD
$3,500,000
Florida
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Sold 10/07/2022
SOLD
David O. Deutch Acquires Parking Asset In Hollywood, FL For $3.5M
6028 Johnson Street, Hollywood, Florida 33024, United States
See Similar DealsOther
Sold 10/07/2022
Summary
FLORIDA
Asset Type:Other
Transaction Type:Sale
The property involved in this transaction is a parking asset located at 6028 Johnson St in Hollywood, FL. The transaction took place on 10/07/2022. The property was sold for a price of $3,500,000. The buyer was David O. Deutch, while the seller was Stephen H Schneider & Michael J Bohane.
Summary of transaction details:
- Property Type: Parking
- Transaction Amount: $3,500,000
- Address: 6028 Johnson St, Hollywood, FL
David O. Deutch represented the buyer in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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