(To read more on the multifamily market, click here.)
ST. PETERSBURG, FL-The 163-unit 5th Avenue Apartments has beensold for $16.5 million with plans to convert the complex intocondominiums. The sale represents $85,492 per unit or $103.62 persf.
Marcus & Millichap brokers Bob Goldfinger, Tim Johnson andJay Crotty, who are located in the firm's Tampa office, representedthe seller 5th Avenue Apartments LTD. Marcus & Millichapbrokers Still Hunter and Evan Kristol, of the firm's FortLauderdale office, represented the buyer Vision 193 LLC.
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