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307 Arricola Avenue

Grace Gatto Purchases Multifamily Property From Arthur Wells For $1.55M In St. Augustine
SOLDMultiFamily

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

Max Loria

STL Commercial

Broker

$143.5M

vol

29 deals

Broker
 STL Commercial
STL CommercialBrokerage

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