facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Condo

/

Sale

/

2912 West Santiago Street

Steve Samuels Of Oceanfront Realty Facilitates $6M Sale At Ritz-Carlton Residences Tampa
SOLDCondo

Steve Samuels Of Oceanfront Realty Facilitates $6M Sale At Ritz-Carlton Residences Tampa

2912 West Santiago Street

$6,000,000

$1,077/SF

Building Size

5,570 SF

Asset Type

Condo

Closing

May 6, 2024

AI

The property involved in the transaction is a 5,570 square foot condo located at 2912 West Santiago Street within the Ritz-Carlton Residences in Tampa. The sale price for this asset was $6,000,000, resulting in a price per square foot of $1,077.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $6,000,000
  • Address: 2912 West Santiago Street - Ritz-Carlton Residences Tampa
  • Market: Tampa
  • Seller: The Related Group
  • Broker: Steve Samuels - Oceanfront Realty
  • SF: 5,570
  • PPSF: $1,077

The deal was facilitated by broker Steve Samuels from Oceanfront Realty, representing The Related Group in the sale of this prestigious condo. The successful transaction underscores the vibrant real estate market in Tampa.

Players

Steve Samuels

Oceanfront Realty

Broker

$34.1M

vol

2 deals

Broker

Tampa Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93