Don Wright Acquires Multifamily Assets In Petersburg Virginia For $9.3 Million From Jay Grossman

The multifamily property, comprising 95 units, is located at 30 Park Avenue, 2732 Park Avenue, and 2701 Park Avenue in Petersburg, VA. The asset has a total square footage of 12,586 and was sold for a transaction amount of $9,300,000, equating to a price per unit of $97,895 and a price per square foot of $738.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,300,000
• Units: 95
• Square Feet: 12,586
• Price Per Unit: $97,895
• Price Per Square Foot: $738
• Buyer: Don Wright
• Seller: Jay Grossman
• Brokers: David Wildes & Steve David - Rosewood Realty Group
• Date of Sale: 9/5/2025

David Wildes and Steve David, representing the seller, facilitated the transaction with their agency, Rosewood Realty Group, underscoring their involvement in the successful deal.