Joe LoCicero & Jennifer Zales Acquire Condo In St Petersburg For $4M
180 Beach Drive NE, St Petersburg, FL 33701, USA
$4,000,000
$1,092/SF
Building Size
3,660 SF
Asset Type
Condo
Closing
Apr 11, 2023
AI
The property involved in this closed transaction is a condo located at 180 Beach Drive NE in St. Petersburg. The sale took place on 04/11/2023.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,000,000
- SF: 3,660
- PPSF: $1,093
- Address: 180 Beach Drive NE
- Market: St Petersburg
The sellers of the property were Tara & David Ruberg. They were represented by Jennifer Zales from Coldwell Banker Realty.
The buyer's representative in this deal was Joe LoCicero, who is affiliated with 54 Realty.
Players
Saint Petersburg Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93