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St. Petersburg apartment complex sells for $56 million

St. Petersburg apartment complex sells for $56 million
Osprey Point Apartments in Pinellas Point is the latest local acquisition for a New York real estate firm.
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New York real estate investment firm Axonic Properties has purchased the Osprey Pointe Apartments at 1900 55th Ave. S in St. Petersburg for $56 million. [ Franklin Street ]
Updated 5 hours ago
A large apartment complex near the southern tip of St. Petersburg has sold to a New York real estate investment firm for $56 million.
Axonic Properties, which owns a handful of apartment and condo properties around Tampa Bay, snapped up the Osprey Point Apartments in Pinellas Point on June 22, according to a deed filed with Pinellas County. The seller was a consortium of limited partnerships and limited liability corporations based in Iowa. ....

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Berkadia Arranges Sale and Financing of 153 Fractured Condominium Units at Breezes at Palm-Aire in Pompano Beach, Florida

POMPANO BEACH, FL - Berkadia announces it has arranged the sale and financing of 153 condominium units at Breezes at Palm-Aire, a 288-unit, garden-style residential community located in Pompano Beach, Fla. The buyer was Axonic Properties, LLC managed by Jonathan Shechtman, a New York-based investment advisor. The $25.39 million sale price breaks down to $166,000 per door.
Director Yoav Yuhjtman of Berkadia Boca Raton, along with Senior Managing Directors Roberto Pesant and Jaret Turkell,. ....

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Axonic Pays $37M In Bulk Purchase Of Doral Condos

Axonic’s Clayton DeGiacinto and Jonathan Shechtman with 10000 Northwest 45th Terrace, Doral (Google Maps)
UPDATED, Jan. 12, 9 a.m.: Axonic Properties paid $37.3 million in a bulk purchase of 170 units of a 310-unit fractured Doral condo complex.
The New York-based firm, led by Clayton DeGiacinto and Jonathan Shechtman, bought the units at Valencia at Doral, at 10000 Northwest 45th Terrace, according to records.
The seller is an affiliate of Transcendent Investment Management, or TIM, based in Bay Harbor Islands and led by Jordan Kavana. The building was constructed in 1992.
The deal brings Axonic’s total ownership to at least 190 units, according to records. As a fractured condo project, only some of the individual units were sold by the initial developer. A Lennar affiliate had paid $67.9 million for the complex in 2006. In 2014, TIM paid Lennar $45 million for 204 units of the complex. ....

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