Updated Dec 18, 2023
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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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