Commercial Real Estate, Capital, Insurance, Leasing & Management

Tampa apartments sold for $31 million in quick value-add flip

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River View Apartments has been sold for $31 million or $104,729 per unit to River View Apartments LLC, which is tied to Radwan Nassri. The seller, New York-based River View Tampa LLC, paid $23.4 million in 2017. Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger of Tampa-based Franklin Street represented both the buyer and the seller in the transaction. Franklin Street’s Lonnie Kitchen provided insurance services for the property.

Excerpted from Tampa Bay Business Journal story.

A New York investor that bought a Northeast Tampa apartment complex in 2017 has sold it after making several improvements to the property.

River View Apartments has been sold for $31 million or $104,729 per unit to River View Apartments LLC, which is tied to Radwan Nassri. The seller, New York-based River View Tampa LLC, paid $23.4 million in 2017.

Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger of Tampa-based Franklin Street represented both the buyer and the seller in the transaction. Franklin Street’s Lonnie Kitchen provided insurance services for the property.

For full story, visit https://www.bizjournals.com/tampabay/news/2018/08/24/tampa-apartments-sold-for-31-million-in-quick.html

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