Adam Podbelski, Ned Roberts, Jason Hague & Sam Ferguson Acquire Multifamily Property In Sarasota For $3.9M
1045 Cocoanut Avenue, Sarasota, FL 34236, USA
$3,900,000
$241/SF
Building Size
16,182 SF
Asset Type
MultiFamily
Closing
Apr 19, 2021
AI
1045 Cocoanut Ave, a multifamily property located in Sarasota, was recently sold for $3,900,000. The transaction took place on 04/20/2021 and involved a total of 29 units, with a price per unit of $134,483. The property is situated in the Sarasota market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Units: 29
- Price Per Unit: $134,483
The sale of 1045 Cocoanut Ave was facilitated by Marcus & Millichap, with brokers Adam Podbelski, Ned Roberts, Jason Hague, and Sam Ferguson representing the parties involved in the transaction.
Players
Sarasota 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93