Vengroff sells another apartment building

Another Vengroff Apartment Building sold in Sarasota, FL.

Tuesday, September 2, 2014

A company belonging to Sarasota multi-millionaire businessman Harvey Vengroff sold a 28-unit apartment complex at 5233 N Tamiami Trail in Sarasota to Ascension Properties Inc. for $920,000, or nearly $33,000 per unit.
Vengroff’s company paid $475,000 for the two-building complex in December 1999.

Ascension Properties is a Sarasota company managed by John M. Philpott and Debra Genua.

For Vengroff, the sale was his fifth of the year.

In January, Sean Dreznin from NAI Tampa Bay sold a 21-unit apartment complex at 635 N. Lime Ave for $850,000.
In April, Sean Dreznin from NAI Tampa Bay sold two apartment buildings totaling 13,250 square feet at 4532 Swift Road for $960,000 and a 6,866-square foot apartment building at 2730 Proctor Road to 3535 West Heimer LLC for $540,000.
The in July, they sold a 36,170-square-foot warehouse at 2383 Industrial Boulevard in Sarasota to Raymond H. Gibson for $1.08 million.



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