Updated Oct 28, 2024
Portopiccolo Group Acquires Tarpon Springs Multifamily For $41.6M
1589 Starlight Cove, Tarpon Springs, FL 34689, United States
$41,570,000
Units
304
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
A multifamily property located at 1589 Starlight Drive in Tarpon Springs has been sold for a total price of $41,570,000. The property consists of 304 units, making the per unit price approximately $136,743. Simcha Hyman and Naftali Zanziper from the Portopiccolo Group acted as the buyers in this transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $41,570,000
- Units: 304
- Price Per Unit: $136,743
The buyers in this transaction, Simcha Hyman and Naftali Zanziper, are represented by the Portopiccolo Group. They successfully acquired the multifamily property located at 1589 Starlight Drive in Tarpon Springs.
On the Map
$41,570,000
MultiFamily
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Tarpon Springs 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93