JBM Institutional Multifamily Advisors Brokers $49.5M Multifamily Sale In St. Petersburg

The multifamily property located at 5473 27th St. South in St. Petersburg has been sold for a total price of $49,540,000. The transaction took place on 09/09/2022. The property consists of 304 units, resulting in a price per unit of $162,961. The sale was facilitated by JBM Institutional Multifamily Advisors on behalf of the seller, Blue Roc Premier, represented by Randy Ferreira, and the buyer, Lurin, represented by Jon Venetos.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $49,540,000
• Address: 5473 27th St. South, St. Petersburg
• Market: St. Petersburg
• Units: 304
• Price per Unit: $162,961

The sale of the property was successfully negotiated by JBM Institutional Multifamily Advisors, serving as the broker for both the buyer, Lurin, and the seller, Blue Roc Premier. Jon Venetos represented Lurin, while Randy Ferreira represented Blue Roc Premier. This transaction marks a significant milestone in the St. Petersburg real estate market.