facebook
Traded Co logo
Submit

Alex Corpolongo Acquires Multifamily Property In Saint Petersburg For $12,034,000

Property Image
SOLD
$12,034,000

Florida

See Similar Deals
MultiFamily74,413 SF
Sold 09/19/2022
the dealplayerscompscontact
Property Image
SOLD

Alex Corpolongo Acquires Multifamily Property In Saint Petersburg For $12,034,000

600 76th Avenue North, St. Petersburg, Florida 33702, United States

See Similar Deals
MultiFamily74,413 SF
Sold 09/19/2022
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$161
Total Square Footage:74,413 SF
Transaction Type:Sale

The multifamily property located at 600 76th Ave N in Saint Petersburg has been sold. The sale was facilitated by Tyler Carbonelli from Colliers, as the broker representing the buyer and seller.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $12,034,000
  • Date: 09/19/2022
  • Address: 600 76th Ave N
  • Market: Saint Petersburg

The buyer of the property is Alex Corpolongo, while the seller is the EJ Bickley Trust. The transaction involved 88 units, with a price per unit of $136,750. The total square footage of the property is 74,413, resulting in a price per square foot of $162.

Note: Image of the property can be seen on Tyler Carbonelli's Instagram page (https://www.instagram.com/p/CjiU4seLWlK/).

Players

Tyler Carbonelli
4 deals$38.1M volume
BROKER

Details

SOLD
IMAGE: Tyler Carbonelli DATE: 09/19/2022 ADDRESS: 600 76th Ave N MARKET: Saint Petersburg ASSET TYPE: Multifamily BUYER: Alex Corpolongo SELLER: EJ Bickley Trust BROKER: Tyler Carbonelli (www.linkedin.com/in/Tyler-Carbonelli) - Colliers (@ColliersInternational) SALE PRICE: $12,034,000 UNITS: 88 ~ PPU: 136,750 SF: 74,413 ~ PPSF: $162

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$641,813.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,754.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,047.30
Annual Debt Service$684,567.59