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

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.