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Alexandra Nusca Acquires Retail Property In St. Petersburg For $4.6M

Property Image
SOLD
$4,615,000
Austin Weiner
Josh Neustadter
Jonathan Squires
+ 1

Florida

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Retail7,447 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Alexandra Nusca Acquires Retail Property In St. Petersburg For $4.6M

3637 34th Street

See Similar Deals
Retail7,447 SF
Sold
Austin Weiner
Josh Neustadter
Jonathan Squires
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$619
Total Square Footage:7447 SF
Transaction Type:Sale

The retail property located at 3637 34th Street in St. Petersburg, FL has been sold for a total of $4,615,000. The property spans across 7,447 square feet and was purchased by Alexandra Nusca.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,615,000
  • Address: 3637 34th Street, St. Petersburg, FL
  • Market: St. Petersburg, FL
  • Buyer: Alexandra Nusca

Representing Alexandra Nusca in the deal were Jonathan Squires, Joshua Neustadter, and Austin Weiner of Cushman & Wakefield, along with Robert Sharfstein from RPS Capital Management.

Players

Josh Neustadter
Cushman & Wakefield
Josh Neustadter
58 deals$543.3M volume(212) 660-7739
BROKER
Jonathan Squires
Cushman & Wakefield
Jonathan Squires
90 deals$702.6M volume
BROKER
Austin Weiner
Cushman & Wakefield
Austin Weiner
35 deals$279.4M volume
BROKER
Robert Sharfstein
RPS Capital Management
Robert Sharfstein
12 deals$70.5M volume
BROKER

Details

SOLD
IMAGE: Jonathan Squires, Joshua Neustadter, Austin Weiner & Robert Sharfstein DATE: 12/23/2022 ADDRESS: 3637 34th Street MARKET: St. Petersburg, FL ASSET TYPE: Retail BUYER: Alexandra Nusca BUYER'S REP: Jonathan Squires (@JonathanSquires), Joshua Neustadter (@Josh_Neust) & Austin Weiner (@AustinWeiner) - Cushman & Wakefield; & Robert Sharfstein - RPS Capital Management SALE PRICE: $4,615,000 SF: 7,447 ~ PPSF: $620

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$246,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,396.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,877.45
Annual Debt Service$262,529.45