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100 Main St N, Saint Peters...

Updated Dec 18, 2023

Walton Street Capital & Stoneweg US Acquire Multifamily In Saint Petersburg For $100M
SOLDMultiFamily

Walton Street Capital & Stoneweg US Acquire Multifamily In Saint Petersburg For $100M

100 Main St N, Saint Petersburg, FL, 33716

$100,000,000

Units

226

Asset Type

MultiFamily

Closing

Jan 10, 2022

About this deal

AI

Located at 100 Main St N in Saint Petersburg, this multifamily property has recently been sold for $100,000,000. The transaction took place on January 10, 2022. The property consists of 226 units, with an average price per unit of $442,477.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $100,000,000
  • Address: 100 Main St N, Saint Petersburg
  • Market: Saint Petersburg
  • Buyer: Walton Street Capital - Neil Bluhm & Stoneweg US - Patrick Richard

Walton Street Capital, represented by Neil Bluhm, and Stoneweg US, represented by Patrick Richard, were the buyers in this transaction. They successfully acquired this multifamily property for a total of $100 million. The deal involved 226 units, offering an average price per unit of $442,477.

Players

Saint Petersburg MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $442.5K per unit across 226 units on a published $100M (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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