Yaakov Weitman Acquires Multifamily Property In Tampa, FL For $15.93M
SOLD
$15,931,916
Florida
See Similar DealsMultiFamily29,724 SF
Sold 01/05/2022
SOLD
Yaakov Weitman Acquires Multifamily Property In Tampa, FL For $15.93M
N 56th St, Tampa, Florida 33617, United States
See Similar DealsMultiFamily29,724 SF
Sold 01/05/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$536
Total Square Footage:29,724 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$849,702.19
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,602.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,525.41
Annual Debt Service$906,304.92
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