Mirko Otto Of Whitestone Capital Acquires Multifamily Asset In Largo For $1.4M From R.O.I. Capital

The property involved in this transaction is a multifamily asset located at 301 Seacrest Drive in Largo. This complex consists of 111 units and was sold for a total price of $1,400,000, which equates to approximately $12,613 per unit. The asset is set for full interior and exterior renovations aimed at modernizing the 1970s-built structure.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,400,000
• Buyer: Mirko Otto - Whitestone Capital
• Seller: Noam Avrahami - R.O.I. Capital Group
• Brokers: Avery Jordan & Darron Kattan - Franklin Street
• Lender: Walker & Dunlop
• Units: 111
• Price Per Unit: $12,613

Mirko Otto represented Whitestone Capital as the buyer in this transaction, while Noam Avrahami represented R.O.I. Capital Group as the seller. The deal was facilitated by brokers Avery Jordan and Darron Kattan from Franklin Street. Whitestone Capital successfully secured an $11.64 million loan from Walker & Dunlop for this acquisition.