Sahar Shenouda Purchases Multifamily Asset In St. Petersburg From Jacob Fulop For $2.95M
5900 22nd Avenue North
$2,950,000
$181/SF
Building Size
16,240 SF
Asset Type
MultiFamily
Closing
Jan 10, 2025
AI
The property involved in this transaction is a multifamily asset located at 5900 22nd Avenue North in St. Petersburg. The sale price for this asset was $2,950,000, consisting of 16 units with a price per unit of $184,375. The total square footage of the property is 16,240, resulting in a price per square foot of $181.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Units: 16
- Price Per Unit: $184,375
- Square Footage: 16,240
- Price Per Square Foot: $181
- Buyer: Sahar Shenouda
- Seller: Jacob Fulop
- Brokers: Yaacov Poston & Shlomo Poston - The Real Estate Lab
- Sale Date: 01/10/2025
- Market: St. Petersburg
The transaction was facilitated by Yaacov Poston and Shlomo Poston from The Real Estate Lab, representing the buyer and seller in this deal. Their involvement highlights the professional collaboration in finalizing this multifamily property transaction.
Players
Saint Petersburg 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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93