Gregory Bartoli & Mark Rouleau Acquire Commercial Property In Delray Beach For $4.9M
1314 N Federal Hwy, Delray Beach, FL, USA
$4,900,000
$445/SF
Building Size
11,000 SF
Asset Type
Commercial
Closing
May 16, 2021
AI
The commercial property located at 1314 N Federal Hwy in Delray Beach has been sold for $4,900,000. The property is situated in a prime location on North Federal Highway.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $4,900,000
- Address: 1314 N Federal Hwy, Delray Beach
- Market: Delray Beach
The buyer of the property is Gregory Bartoli & Mark Rouleau, while the sellers are Jeffrey A. Levitetz & Alan Rutner. Both the buyer and sellers have successfully completed the transaction.
Players
Delray Beach Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93