Grace Gatto Purchases Multifamily Property From Arthur Wells For $1.55M In St. Augustine
307 Arricola Avenue
$1,550,000
$343/SF
Building Size
4,514 SF
Asset Type
MultiFamily
Closing
Jan 29, 2026
AI
The property involved in this transaction is a multifamily asset located at 307 Arricola Avenue in the St. Augustine market. It was sold for a price of $1,550,000, with a total area of 4,514 square feet. The sale price reflects a price per square foot of $343.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 307 Arricola Avenue
- Market: St. Augustine
- Square Footage: 4,514
- Price per Square Foot: $343
- Buyer: Grace Gatto
- Seller: Arthur Wells
- Brokers: Max Loria & David Richman - STL Commercial
This transaction involved key individuals including the buyer, Grace Gatto, and the seller, Arthur Wells. The brokers representing the transaction were Max Loria and David Richman from STL Commercial, facilitating the deal between the two parties.
Players
Saint Augustine 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93