Jonathan Shechtman And Brian Kennedy Acquire Multifamily Asset In Naples For $50.4M

The transaction involved a multifamily asset located at 4539 Coral Palms Lane in Naples, which consists of 288 units and totals 233,280 square feet. The sale was finalized for a price of $50,400,000, reflecting a price per unit of $175,000 and a price per square foot of $216.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,400,000
• Address: 4539 Coral Palms Lane
• Market: Naples
• Units: 288
• Square Footage: 233,280
• Price Per Unit: $175,000
• Price Per Square Foot: $216
• Buyer: Jonathan Shechtman & Brian Kennedy - Sharp Key Capital
• Seller: TE Miller
• Brokers: Jamie May & Eddie Yang - JBM Institutional Multifamily Advisors

In this transaction, Jonathan Shechtman and Brian Kennedy represented Sharp Key Capital as the buyers. On the selling side, TE Miller was the seller. Jamie May and Eddie Yang from JBM Institutional Multifamily Advisors acted as brokers, facilitating the deal between the buyer and seller.