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N 56th St, Tampa, Florida 3...

Yaakov Weitman Acquires Multifamily Property In Tampa, FL For $15.93M
SOLDMultiFamily

Yaakov Weitman Acquires Multifamily Property In Tampa, FL For $15.93M

N 56th St, Tampa, Florida 33617, United States

$15,931,916

$536/SF

Building Size

29,724 SF

Asset Type

MultiFamily

Closing

Jan 4, 2022

AI

Located at 10605 N 56th St in Tampa, FL, this multifamily property was recently sold on January 5, 2022. Spanning across 29,724 square feet, the property boasts a total of 29,724 square feet of space. With a sale price of $15,931,916, the property's price per square foot was calculated to be $536.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $15,931,916
  • Address: 10605 N 56th St, Tampa, FL
  • Buyer: Yaakov Weitman
  • Seller: Ron Wenzel & George Ullrich

Representing the buyer, Yaakov Weitman successfully closed the deal for this multifamily property. On the other side of the transaction, Ron Wenzel and George Ullrich acted as the sellers. This transaction showcases the successful collaboration between these key individuals and companies in the Tampa, FL market.

Players

Yaakov Weitman

Buyer

$37.4M

vol

2 deals

Buyer

Tampa 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

1.00%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93