NY Buyer Pays $28M for Fractured Condo

A New York buyer operating under the name Crosswynde Owner LLC acquired 252 units of the 453-unit Crosswynde Apartments. The investor paid the Rhode Island seller $28.3 million for the units at 1502 Marsh Cove Court in Tampa, FL. Crosswynde was a failed condominium conversion from the 2007 crash of

Source: www.connect.media

Vertica Partners’ principals Sean Lance and Max Boehmer arranged the $28 million sale of 252 fractured condo units in the Crosswynde community located in Tampa, Florida.

Vertica Commercial Advisors Closes Florida Fractured Condo Community

Vertica Commercial Advisors (VCA), a subsidiary of Tampa based Vertica Partners, has arranged the bulk sale of 252 of 453 units in the Crosswynde condominium community located at 1502 Marsh Cove Court in Tampa, Florida for $28,335,097 ($112,441/unit or $105/sf). The community was a failed…

Source: www.tampabaynewswire.com

Vertica Partners / Vertica Commercial Advisors sold the Crosswynde condominium community in Tampa for more than $28 million.