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
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