Updated Oct 13, 2026
Manhattan Five Group Acquires Multifamily Property In Fort Myers For $44.6M
2346 Winkler Avenue, Fort Myers, Florida 33901, United States
$44,600,000
$241/SF
Building Size
185,000 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
The multifamily property located at 2346 Winkler Ave in Fort Myers has been sold for a total of $44,600,000. The transaction took place on 06/07/2022. The property consists of 240 units, with each unit valued at an average price of $185,833. The total square footage of the property is 185,000, resulting in a price per square foot of $241.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $44,600,000
- Total Units: 240
- Price Per Unit: $185,833
- Total Square Footage: 185,000
- Price Per Square Foot: $241
The buyer of the property is Manhattan Five Group, while the seller is S3 Capital, represented by Robert Schwartz and Joshua Crane. The transaction was facilitated by the broker Steven Vegh from Westwood Realty Associates.
On the Map
$44,600,000
$241/SF
MultiFamily
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Fort Myers 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93