Updated Sep 9, 2024
Premier Sotheby’s International Realty Acquires Multifamily Property In Bradenton Beach For $5.3M
2514 Avenue C, Bradenton Beach, Florida 34217, United States
$5,300,000
$1,766,666/SF
Building Size
3 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
About this deal
AI
An investment property located at 2514 Avenue C in Bradenton Beach has been sold for $5,300,000. The multifamily asset spans a total of 3,108 square feet, resulting in a price per square foot of $1,705.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Date: 02/17/2023
- Market: Bradenton Beach
- Buyer's Rep: Michael Seamon - Premier Sotheby’s International Realty
- Seller's Rep: Don Purvis - Beach House Real Estate
The buyer was represented in the transaction by Michael Seamon of Premier Sotheby’s International Realty, while Don Purvis of Beach House Real Estate served as the seller's representative.
Players
Bradenton Beach 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93