Jonathan Shechtman & Brian Kennedy Of Sharp Key Capital Acquire Multifamily Community In Naples For $12.54M

The property asset involved in the context is a multifamily community located at 5194 16th Place Southwest in Naples, Florida. The asset, which covers 5.2 acres, comprises 63 units and was sold for $12,543,000, equating to a price per unit of $199,095. The property was constructed in 2002 and has recently undergone significant improvements, including renovations to the kitchen, bathrooms, and roof.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,543,000
• Buyer: Jonathan Shechtman & Brian Kennedy
• Buyer's Company: Sharp Key Capital
• Seller: Opus Reserve LLC
• Broker: Sam Ferguson
• Brokerage: Marcus & Millichap
• Units: 63
• Acres: 5.2

Sam Ferguson from Marcus & Millichap represented the seller, Opus Reserve LLC, in this transaction while facilitating the sale to buyers Jonathan Shechtman and Brian Kennedy of Sharp Key Capital. The deal emphasizes the brokerage's role in managing the sale of multifamily assets in the Naples market.