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
About this deal
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.
On the Map
$4,000,000
$1,092/SF
Condo
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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