Avanti Residential Acquires Multifamily Property In St. Petersburg From Milhaus Development For $92M | 1661 Central Avenue | Charlie Williams, Andrew Visnick, Patrick Dufour | MultiFamily | Sale

Summary

Sale

FLORIDA

MultiFamily

3,760 sqft

The multifamily property located at 1661 Central Ave in St. Petersburg has been sold in a closed transaction. The property, consisting of 246 units, was purchased by Avanti Residential from the seller Milhaus Development. The transaction was facilitated by brokers Patrick Dufour and Andrew Visnick from Newmark. The sale price for the property was $92,000,000, resulting in a price per unit of $373,984.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $92,000,000
Address: 1661 Central Ave, St. Petersburg
Market: St. Petersburg
Buyer: Avanti Residential
Seller: Milhaus Development
Brokers: Patrick Dufour & Andrew Visnick - Newmark
Units: 246
Price Per Unit: $373,984

Additionally, the mortgage for the transaction was arranged by Charlie Williams from Newmark.

Players

All
4

Agents
3
Agencies
1

Charlie Williams

Executive Managing Director

$157M Sold

$274.4M Sold

$823.6M Sold

Details

Deal Summary

SOLD

IMAGE: Patrick Dufour, Charlie Williams & Andrew Visnick DATE: 12/08/2021 ADDRESS: 1661 Central Ave MARKET: St. Petersburg ASSET TYPE: Multifamily BUYER: Avanti Residential SELLER: Milhaus Development BROKERS: Patrick Dufour & Andrew Visnick - Newmark MORTGAGE BROKER: Charlie Williams - Newmark SALE PRICE: $92,000,000 UNITS: 246 ~ PPU: $373,984

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Address1661 Central Avenue

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