Israeli investor group buys Cedar Hollow Apartments

BUYER: MH Florida Assets LLC (managers: Boaz and Osnat Harel), Las Vegas
SELLER: East Tiger USA LLC
PROPERTY: 7209 34th St. N., Pinellas Park
PRICE: $2.04 million
PREVIOUS PRICE: $2.48 million, January 2009
LAW FIRM ON DEED: American National Title LLC, Largo

PLANS, DESCRIPTION:
A Tel Aviv, Israel, investment firm led by Boaz and Osnat Harel purchased the 42-unit Cedar Hollow Apartments for $2.04 million.

The price equated to $48,571 per unit. That figure is less than the two-year average price per unit for multifamily space ($72,609) in the Tampa Bay area, according to the CoStar Group.