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5900 22nd Avenue North

Sahar Shenouda Purchases Multifamily Asset In St. Petersburg From Jacob Fulop For $2.95M
SOLDMultiFamily

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

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker

Saint Petersburg MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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