Updated Dec 19, 2023
Vineet Gupta Acquires Apartments In Saint Petersburg For $4.4M
1090 10th Street North, St. Petersburg, Florida 33705, United States
$4,400,000
$307/SF
Building Size
14,324 SF
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
The property involved in this transaction is an apartment located at 1090 10th St N in Saint Petersburg, FL. The property spans a total of 14,324 square feet with a price of $307 per square foot. The transaction took place on May 16, 2022, and the property was sold for a total price of $4,400,000.
Summary of transaction details:
- Property Type: Apartments
- Transaction Amount: $4,400,000
- Square Footage: 14,324
- Price per Square Foot: $307
- Address: 1090 10th St N, Saint Petersburg, FL
- Market: Saint Petersburg, FL
The buyer in this transaction is Vineet Gupta, and the seller is Eric Meister.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93