Updated Oct 28, 2024
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
About this deal
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.
Hollywood Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $1.6K per square foot on a published $6.5M for 4,021 square feet (2022).
Visit Michael Shabani to view all their deals.
Browse Florida single family residence sales on Traded.
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