facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

2045 3rd Avenue

GREA - Rittenhouse Realty Advisors Facilitates $2.2M Sale Of Sneads Multifamily Property At 2045 3rd Ave
SOLDMultiFamily

GREA - Rittenhouse Realty Advisors Facilitates $2.2M Sale Of Sneads Multifamily Property At 2045 3rd Ave

2045 3rd Avenue

$2,200,000

$27/SF

Building Size

79,389 SF

Asset Type

MultiFamily

Closing

Aug 31, 2022

AI

The multifamily property located at 2045 3rd Ave in Sneads was recently sold for a total price of $2,200,000. This sale transaction was facilitated by Ken Wellar, Cory Sams, Mando de Armas, and Annamaria Leib of GREA - Rittenhouse Realty Advisors.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Units: 76
  • Price per Unit (PPU): $28,947
  • Square Footage (SF): 79,389
  • Price per Square Foot (PPSF): $28
  • Market: Sneads

The property consists of 76 units with an average price per unit of $28,947. It spans a total square footage of 79,389 square feet, resulting in a price per square foot of $28. The sales team from GREA - Rittenhouse Realty Advisors, including Ken Wellar, Cory Sams, Mando de Armas, and Annamaria Leib, successfully executed this transaction.

Players

Kenneth Wellar

Global Real Estate Advisors (GREA)

Broker

$1.2B

vol

58 deals

Broker

Sneads MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93