Updated Aug 13, 2026
Eagle Property Capital Sells 270 Unit Multifamily Asset In Saint Petersburg For $32.9M
501 116th Ave.
$32,900,000
Units
270
Asset Type
MultiFamily
Closing
Aug 18, 2025
About this deal
AI
The property asset involved in the transaction is a MultiFamily complex located at 501 116th Ave, Saint Petersburg, FL. The asset comprises 270 units and was sold for $32,900,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $32,900,000.00
- Units: 270
- Seller: Eagle Property Capital
- Market: Saint Petersburg, FL
- Sale Date: 08/18/2025
The transaction was facilitated by representatives, although specific broker details were not provided in the context. The involvement of Eagle Property Capital as the seller indicates a significant transaction in the local market.
On the Map
$32,900,000
MultiFamily
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Players
St. 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93