Max Lehrer Acquires Retail Property In Hollywood For $1.05M With Brokers Yaacov Poston & Shlomo Poston
500 N Federal Hwy Hollywood, FL 33020, USA
$1,050,000
$384/SF
Building Size
2,728 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
A retail property located at 500 Federal Highway in Hollywood has been sold in a closed transaction. The property spans an area of 2,728 square feet and was sold for a price of $1,050,000, resulting in a price per square foot of $385.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,050,000
- Address: 500 Federal Highway, Hollywood
- Market: Hollywood
The buyer in the transaction was Max Lehrer, while Antonino Pecora served as the seller. The deal was facilitated by the brokerage firm The Real Estate Lab, with Yaacov Poston and Shlomo Poston representing both the buyer and the seller as brokers.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93