A 247-Unit Institutional-Quality High-Rise Located in Hollywood's Most Walkable Urban District

2165 Van Buren Street, Hollywood, FL 33020

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Executive Summary

Berkadia Real Estate Advisors is pleased to exclusively present Hollywood East (the “Property”), a 247-unit high-rise investment opportunity located in the center of Broward County’s most exciting submarket. Completed in 2021, the Property delivers an exceptional combination of institutional quality, oversized units, and a prime urban location that is unmatched in the Hollywood rental market.

Hollywood East’s average unit size of 1,049 square feet represents the best value per square foot of any comparable high-rise development in the submarket, offering residents a level of space and livability that newer competing deliveries simply cannot replicate.

The Property’s location fronting Hollywood Boulevard places residents’ steps from Hollywood Circle’s curated mix of dining, retail, and entertainment. Hollywood East’s central geographic location, situated between Fort Lauderdale to the north and Miami to the south, gives it the unique ability to draw tenants from multiple employment and lifestyle markets.

With the opportunity to acquire a premier South Florida multifamily asset at an exceptional basis and benefit from tax savings through the Live Local Act, Hollywood East has positioned itself as a true standalone investment opportunity in a market experiencing significant institutional activity.

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INVESTMENT HIGHLIGHTS

The Best-Priced Rental in Hollywood — Hollywood East offers renters 25% more space at a fraction of the cost.

Past Peak Supply, Rent Growth Ahead — The Hollywood submarket is poised for a favorable supply shift, with two market-rate rental communities totaling 598 units currently under construction within a three-mile radius of the subject property, a significant decline from the 2,438 deliveries seen over the past 24 months.

An Institutional-Quality Asset Available at an Attractive Basis Hollywood East presents a rare opportunity to acquire a high-rise, institutional-quality asset at a meaningful discount to replacement cost. With replacement costs significantly elevated due to persistent construction inflation, acquiring at today’s basis provides an inherent margin of safety unavailable to comparable new development.

Opportunity to Capitalize on Live Local Act Savings by Qualifying the Remaining 70% of Units
Hollywood East presents a compelling opportunity for new ownership to enroll additional units into the program, as only 73 of the Property’s 247 units (29%) are currently qualified into the program.

The Most Connected Pocket in South Florida

Location

Contact

Investment Sales

Omar Morales 
Senior Director 
305.878.2278 
[email protected]

Jaret Turkell 
Senior Managing Director 
561.573.6140 
[email protected]

Yoav Yuhjtman 
Senior Director 
786.853.5555 
[email protected]

Jonah Irvin
Financial Analyst
813.765.3253 
[email protected]

Mortgage Banking

Mitch Sinberg
Senior Managing Director
561.609.4006
[email protected]

Scott Wadler
Managing Director
561.445.4891
[email protected]

Brad Williamson
Managing Director
786.646.2580
[email protected]

Matthew Robbins
Managing Director
561.609.4008
[email protected]

Office

Miami  
1111 Brickell Ave 
Suite 1650 
Miami, FL 33131 

 

Boca Raton 
5100 Town Center Circle, Suite 550
Boca Raton, FL 33486

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2165 Van Buren Street, Hollywood, FL 33020

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.  

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