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1901 S Ocean Blvd, Delray B...

Randy Klein's Crestron Electronics Acquires Residential Condo In Delray Beach For $7.6M
SOLD

Randy Klein's Crestron Electronics Acquires Residential Condo In Delray Beach For $7.6M

1901 S Ocean Blvd, Delray Beach, FL 33483, USA

$7,600,000

$1,726/SF

Building Size

4,403 SF

Asset Type

Closing

Apr 27, 2020

AI

A residential condo located at 1901 South Ocean Blvd in Delray Beach was sold in a closed transaction. The property, spanning 4,403 square feet, was acquired by Randy Klein, representing Crestron Electronics. The seller, National Realty Investment Advisors & U.S. Construction, finalized the deal at a price of $7,600,000, resulting in a price per square foot of $1,726.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $7,600,000
  • Address: 1901 South Ocean Blvd, Delray Beach
  • Buyer: Randy Klein – Crestron Electronics
  • Seller: National Realty Investment Advisors & U.S. Construction
  • Square Footage: 4,403
  • Price per Square Foot: $1,726

Randy Klein, a representative of Crestron Electronics, played a key role in the transaction as the buyer. National Realty Investment Advisors & U.S. Construction acted as the sellers in the deal. The purchase of this residential condo in Delray Beach demonstrates the strategic investment decisions made by Randy Klein and highlights the significance of this closed transaction.

Players

UC
U.S. ConstructionSeller

Delray Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93