RWNK Reps Seller In Multifamily Sale

Written by on 09.17.13 in Done Deals, MultiFamily - No comments

Niv Y. Habari, Senior Investment Associate with NAI Rauch Weaver Norfleet Kurtz & Co., Fort Lauderdale, represented the Seller in the recent sale of an 17-unit, low-rise apartment complex located at 6041-45 Buchanan Street, Hollywood.

The Buyer, ISRS Management LLC, purchased the building for $525,000 (approx. $30,000± per unit) from the Sellers, 6041 Buchanan LLC.

The buyer intends to remodel all units and bring income according to the market.

The apartments are a mix of studio apartments, 1 BR/1 Bath, and one single house. According to Niv Habari, this is one of the last properties in Hollywood with units priced at $30,000± per unit.

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