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1855 Cleveland Street

Y Apartments, LLC Acquires Hollywood, FL Package Deal For $5.2M
SOLDPackage Deal

Y Apartments, LLC Acquires Hollywood, FL Package Deal For $5.2M

1855 Cleveland Street, 1415 North 19th Avenue, 1905 Harding Street, 1841 Taft Street, 1317 North 19th Avenue, 1925 Harding Street, 1923 Roosevelt Street, 1843 Cleveland Street, 1841 Cleveland Street & 1928 Wilson Street

$5,200,000

$25/SF

Building Size

203,900 SF

Asset Type

Package Deal

Closing

Jan 20, 2023

AI

The package deal in Hollywood, FL involved the sale of multiple properties. The properties included in the deal are located at 1855 Cleveland Street, 1415 North 19th Avenue, 1905 Harding Street, 1841 Taft Street, 1317 North 19th Avenue, 1925 Harding Street, 1923 Roosevelt Street, 1843 Cleveland Street, 1841 Cleveland Street, and 1928 Wilson Street. The total square footage of the properties is 20,390, with a price per square foot of $255. The transaction was completed on 01/20/2023, with Y Apartments, LLC, represented by Joseph Cohen, acquiring the properties for a total sale price of $5,200,000.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $5,200,000
  • Address: 1855 Cleveland Street, 1415 North 19th Avenue, 1905 Harding Street, 1841 Taft Street, 1317 North 19th Avenue, 1925 Harding Street, 1923 Roosevelt Street, 1843 Cleveland Street, 1841 Cleveland Street, and 1928 Wilson Street
  • Market: Hollywood, FL
  • Buyer: Y Apartments, LLC – Joseph Cohen
  • Seller: Labueux Apartments, LLC – Andrew J Monaghan, Jr
  • Buyer's Rep: Camilo Palacio - Silver Door Realty; Michael Guido - Unique Real Estate Group
  • Seller's Rep: Peter Dacko - Media Realty
  • SF: 20,390
  • PPSF: $255

The buyer's representatives in this deal were Camilo Palacio from Silver Door Realty and Michael Guido from Unique Real Estate Group. The seller's representative was Peter Dacko from Media Realty.

Players

Peter Dacko

Broker

$13.1M

vol

3 deals

Broker

Joseph Cohen

Buyer

$23.3M

vol

8 deals

Buyer

Hollywood Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93