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
About this deal
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.
On the Map
$6,000,000
$1,077/SF
Condo
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Tampa 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93