Naples apartment complex sells to New York investor

  • By Louis Llovio
  • | 8:00 a.m. October 4, 2025
  • | 0 Free Articles Remaining!
The 63-unit Residences on 16th in Naples has sold.
The 63-unit Residences on 16th in Naples has sold.
Image courtesy of Marcus & Millichap
  • Charlotte–Lee–Collier
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The Residences on 16th, a 63-unit multifamily community in Naples, has sold for $12.54 million. 

The buyer was the New York real estate investment firm Sharp Key Capital. The seller, Opus Reserve, is an Orlando LLC that according to Collier County records paid $15 million for the community in 2022.

Residences on 16th, which is at 5194 16th Place S.W., sits on 5.2 acres and is made up 16 two-story buildings. 

 

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