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36 Rose Avenue

Rob Bellamy And Tony Azzi Of Vita Equities Acquire Venice Multifamily For $2.8M
SOLDMultiFamily

Rob Bellamy And Tony Azzi Of Vita Equities Acquire Venice Multifamily For $2.8M

36 Rose Avenue & 38 Rose Avenue

$2,800,000

$227/SF

Building Size

12,310 SF

Asset Type

MultiFamily

Closing

Jan 24, 2025

AI

The transaction involved a multifamily property located at 36 & 38 Rose Avenue in the Venice market. The sale price was $2,800,000, and the asset comprises 10 units. The total square footage of the property is 6,155, translating to a price per unit of $280,000 and a price per square foot of $454.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Units: 10
  • Square Footage: 6,155
  • Price Per Unit: $280,000
  • Price Per Square Foot: $454
  • Buyer: Rob Bellamy & Tony Azzi - Vita Equities
  • Seller: Bruce Bisenz
  • Broker: Jeff Puffer - Delphi Business Properties Inc

Rob Bellamy and Tony Azzi represented Vita Equities as the buyers in this transaction, whereas Bruce Bisenz was the seller. Jeff Puffer from Delphi Business Properties Inc facilitated the deal, acting as the broker in this transaction.

Players

Jeff Puffer

Broker

$39M

vol

3 deals

Broker

Venice MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93