Jessica Clemente Acquires Multifamily Property On Clay Avenue For $5.96M

The multifamily property located at 1186-1198-1191-1179-1179-1175 Clay Avenue in Concourse Village has been sold in a recent transaction. The property is zoned as R7-1 and has a lot size of 3,120 square feet. It features a total building square footage of 75,831. The last recorded sale of the property was on March 2, 2004, for a price of $5,231,374. The recent sale price for the property is $5,962,063, indicating an increase in value since the previous sale. The price per square foot for the property is $81, and the price per buildable square foot is $78. The property has a floor area ratio (FAR) of 3.52, indicating its development potential. The property falls under tax class 2.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $5,962,063
• Address: 1186-1198-1191-1179-1179-1175 Clay Avenue
• Market: Concourse Village
• Zoning: R7-1
• Lot Size: 3,120
• Last Sale Price: $5,231,374 (03/02/2004)
• BSF: 75,831
• PPBSF: $78
• SF: 73,008
• PPSF: $81
• FAR: 3.52
• Tax Class: 2

In this transaction, Jessica Clemente acted as the buyer, while Sandra Erickson was the seller of the property.