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1900 55th Avenue South

Axonic Properties Acquires Multifamily Asset In St. Petersburg For $56M

1900 55th Avenue South

569,924 SF
clock iconSold 1 year ago
Darron Kattan
Avery Jordan
Mark Savarese
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569,924 sqft

A multifamily property located at 1900 55th Ave. S. in St. Petersburg has been sold for a total price of $56,000,000. The property consists of 517 units with a total square footage of 569,924, resulting in a price per square foot of $98. The buyer, Axonic Properties, acquired the property from the seller, BH Equities. The transaction was facilitated by brokers Darron Kattan, Zach Ames, Avery Jordan, and Mark Savarese.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $56,000,000
  • Address: 1900 55th Ave. S., St. Petersburg
  • Market: St. Petersburg

The deal involved several key individuals and companies. Jonathan Shechtman, Zach Ames, Darron Kattan, Avery Jordan, Mark Savarese, and Brian Kennedy were involved in the transaction in various roles, representing the buyer and seller. Axonic Properties acted as the buyer, while BH Equities served as the seller. The brokers, Darron Kattan, Zach Ames, Avery Jordan, and Mark Savarese, played a crucial role in facilitating the sale of the property.


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Darron Kattan's profile picture
Darron Kattan
Franklin Street-image
Managing Director
$326.3M Sold
Avery Jordan's profile picture
Mark Savarese's profile picture


Deal Summary
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IMAGE: Jonathan Shechtman, Zach Ames, Darron Kattan, Avery Jordan, Mark Savarese & Brian Kennedy DATE: 06/24/2021 ADDRESS: 1900 55th Ave. S. MARKET: St. Petersburg ASSET TYPE: Multifamily BUYER: Axonic Properties SELLER: BH Equities BROKERS: Darron Kattan, Zach Ames, Avery Jordan & Mark Savarese SALE PRICE: $56,000,000 SF: 569,924 ~ PPSF: $98 UNITS: 517 ~ PPU: $108,317

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Address1900 55th Avenue South


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