Bay Pointe Apartments sells for $18M

LARGO — A company managed by David Greider of Tampa purchased the 417-unit Bay Pointe Apartments in Largo for $18 million.

The price equated to $43,165 per unit. That figure is lower than the average price per unit for multifamily space ($70.80) in the Tampa Bay area, according to the CoStar Group.

The 21-acre property features 52 two-story residential buildings, a one-story laundry facility and a one-story leasing office and laundry facility. It offers 240 one-bedroom/one-bathroom units and 177 two-bedroom/one-bath units. The property is located at 2770 Roosevelt Blvd., Largo.