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Hollywood Hills, Hollywood,...

Michael Shabani's Crown Equity Buys SFR In Hollywood Hills For $6.5M
SOLDSingle Family Residence

Michael Shabani's Crown Equity Buys SFR In Hollywood Hills For $6.5M

Hollywood Hills, Hollywood, Florida, United States

$6,500,000

$1,616/SF

Building Size

4,021 SF

Asset Type

Single Family Residence

Closing

Jan 25, 2022

AI

A single-family residential property located in Hollywood Hills has been sold in a recent transaction. The property, spanning approximately 9,000 square feet, was purchased by Michael Shabani. The sale was facilitated by Crown Equity, with Michael Shabani representing the buyer in the deal.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $6,500,000
  • Market: Hollywood Hills
  • Date: 01/25/2022
  • Buyer: Michael Shabani - Crown Equity
  • Square Footage: 9,000
  • Price per Square Foot: $684

This transaction highlights the involvement of Michael Shabani as the buyer, represented by Crown Equity in the deal. The deal showcases the strong real estate market in Hollywood Hills, with the property being sold at a price of $6,500,000 and a price per square foot of $684.

Players

Michael Shabani

Crown Equity

Buyer

$40.7M

vol

3 deals

Buyer

Hollywood Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93