Prashkovsky Investments USA, an investment services provider, has completed the acquisition of the Luna at Hollywood complex in a bulk condo deal.
Built in 1968 and converted to condominiums in 2007, the Luna at Hollywood is right off Hollywood Boulevard and west of I-95. The asset has four buildings, two associations and a master association.
Under the deal, Prashkovsky Investments bought 150 units of the 192-unit condominium from Eagle Management for $18.3 million or $122,000 per unit.
More so, the majority of the remaining unsold condo inventory was bought by Luna Capital Partners in 2015 for $12.3 million.