New York state investor buys Cape Coral Apartments

BUYER: Maximus Holdings LLC (manager: Vincent DeCaprio), Seaford, N.Y.
SELLER: Cape Coral Apartments LLC
PROPERTY: 827 S.E. 46th Lane, units 1-8, Cape Coral
PRICE: $1.19 million
PREVIOUS PRICE: $750,000, December 2011
LAW FIRM ON DEED: Macfarlane Ferguson & McMullen, Clearwater

PLANS, DESCRIPTION:
Seaford, N.Y. investor Vincent DeCaprio purchased the 16-unit Cape Coral Apartments for $1.19 million.

The price equated to $74,375 per unit. That figure is in line with the average price per unit for multifamily space ($70,191) in Southwest Florida, according to the CoStar Group.