Alex Corpolongo Acquires Multifamily Property In Saint Petersburg For $12,034,000
600 76th Avenue North, St. Petersburg, Florida 33702, United States
$12,034,000
$161/SF
Building Size
74,413 SF
Asset Type
MultiFamily
Closing
Sep 18, 2022
AI
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
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93