Sahar Shenouda Purchases Multifamily Asset In St. Petersburg From Jacob Fulop For $2.95M
SOLD
$2,950,000
Florida
See Similar DealsMultiFamily16,240 SF
Sold
SOLD
Sahar Shenouda Purchases Multifamily Asset In St. Petersburg From Jacob Fulop For $2.95M
5900 22nd Avenue North
See Similar DealsMultiFamily16,240 SF
Sold
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$181
Total Square Footage:16240 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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