Axonic Properties Acquires Multifamily Property In Naples For $20.2M

The multifamily property located at 1900 Sunshine Blvd in Naples was recently sold in a closed transaction. The sale took place on 11/16/2021 and the property was acquired by Axonic Properties, represented by Jonathan Shechtman and Brian Kennedy. The seller of the property was Jan Moore. Tyler Minix from Newmark served as the broker in this transaction.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $20,200,000
• Number of Units: 118
• Price per Unit (PPU): $171,186
• Square Footage: 148,090
• Price per Square Foot (PPSF): $136
• Market: Naples

Jonathan Shechtman and Brian Kennedy, representing Axonic Properties, played a key role as buyers in this transaction. Meanwhile, Jan Moore acted as the seller. Tyler Minix from Newmark brokered the deal. The sale of the 118-unit multifamily property marked a significant milestone in the Naples market.