Joe LoCicero & Jennifer Zales Acquire Condo In St Petersburg For $4M
SOLD
$4,000,000
Florida
See Similar DealsCondo3,660 SF
Sold 04/11/2023
SOLD
Joe LoCicero & Jennifer Zales Acquire Condo In St Petersburg For $4M
180 Beach Drive NE, St Petersburg, FL 33701, USA
See Similar DealsCondo3,660 SF
Sold 04/11/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,092
Total Square Footage:3,660 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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