Multifamily Asset More Than Triples in Value Since 2011

ORLANDO—"The competition for this property was intense, as over 15 official property tours were conducted…”

Berkadia's Tal Frydman sold the property to Largo Landry LLC for $14.3 million in 2011.

ORLANDO—Madison at Largo, a multifamily asset in Largo, FL, just traded hands. The sale price: $54 million, or $121,622 per unit.

Berkadia senior director Jason Stanton, along with managing director Cole Whitaker, senior director Hal Warren, and senior director Tal Frydman negotiated the multifamily sale. Located at 601 East Rosemary Road NE, the 444-unit multifamily property offers one-, two- and three-bedroom floorplans.

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Jennifer LeClaire

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