Infinity Luna LLC Acquires Majority of Units at Hollywood Condo
Berkadia arranged the sale of the four-story condominium property
Infinity Luna LLC has complete control of the homeowners’ association after purchasing 160 out of 192 condominium units at Luna at Hollywood. Berkadia helped arrange the acquisition. Director Yoav Yuhjtman, Senior Managing Directors Roberto Pesant and Jaret Turkell, Associate Director Omar Morales and Senior Analyst Jose Mota of Berkadia Miami marketed the property on behalf of the seller Prashkovsky Investments USA LLC.
“Besides its central location, Luna at Hollywood benefits from the city’s extensive investment in improving the surrounding area, including public services, parks and streetscaping, combined with the strong demand for housing in Broward County in general,” Yuhjtman says. “The previous owner had already renovated about half of the units, so the new owner has an opportunity to finish the capital improvement plan and capitalize on strong rent growth trends.”
The condo was built in 1968 and is located at 3600 Van Buren Street. It offers one and two-bedroom units averaging 1,055 square feet. Individual units feature fully equipped kitchens with upgraded cabinets and newly installed stainless steel appliances, central air conditioning, new hard surface flooring, linen and walk-in closets, private balconies and patios and on-site maintenance. Community amenities include two resurfaced swimming pools, a fitness center, clubhouse, storage units and on-site parking and laundry facilities.
“Looking at the current market conditions and given our shift in focus towards development and newer construction acquisitions, we decided it was the right time to sell Luna at Hollywood and move on to our next project,” Adi Karadi says, CEO of Prashkovsky Investments USA LLC.
Maria castro
Posted at 21:27h, 02 NovemberIs there a way to speak with new owners of the building? There is no number or something to speak with someone regards the issues I been going thru. Mold in the apartment and no AC for a month and no one comes or calls to repair.
Lisa parrish
Posted at 10:28h, 21 MarchThe parking is no good you get assigned parking and nobody parks where they are suppose to you get notes left on your windshield threat your car is going to be towed kids running through the hallway disturbing neighbors with dogs making them bark people leaving rotten food in lobby roaches every where people smoking marijuana in stairwell wells they want you to complain through email the lady in apt 107 in 3501 Jackson Street let’s her son son play with electric lighter trying to burn dead leaves near the window where you enter the building and the rent is too much money for that the city needs to come in for inspection the elevator is not up to code it’s not a safe place for kids or elderly people it needs to be condemned