Updated Oct 29, 2024
The NRP Group Purchases Property At 1701 Central Ave Saint Petersburg For $7.2 Million
1701 Central Ave, Saint Petersburg, F...
$7,200,000
$723/SF
Building Size
9,950 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 1701 Central Ave, Saint Petersburg, Florida. It has a total square footage of 9,950 and was sold for $7,200,000. The market for this property is Center Lovell.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $7,200,000.00
- Address: 1701 Central Ave, Saint Petersburg, Florida
- Market: Center Lovell
- Seller's Representative: Bruce Erhardt - Cushman & Wakefield
- Buyer: The NRP Group
- Square Footage: 9,950
The transaction was facilitated by Bruce Erhardt from Cushman & Wakefield, representing the seller in this closed deal, while The NRP Group emerged as the buyer, acquiring the property in the outlined location.
On the Map
$7,200,000
$723/SF
MultiFamily
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Players
Center Lovell 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93