Updated May 12, 2025
John A. Staluppi Jr & Christina M. Ribaudo Acquire Vacant Commercial Property In Delray Beach, FL For $10M
2419 Federal Highway, Delray Beach, Florida 33483, United States
$10,000,000
Building Size
—
Asset Type
Commercial
Closing
Jan 2, 2022
About this deal
AI
The vacant commercial property located at 2419 N Federal Hwy in Delray Beach, FL has been sold in a closed transaction. The sale took place on January 3, 2022, and the buyer of the property is John A. Staluppi Jr & Christina M. Ribaudo. The seller of the property is Peter Harrigan. The transaction price for this property was $10,000,000.
Summary of Transaction Details
- Property Type: Vacant Commercial
- Transaction Amount: $10,000,000
John A. Staluppi Jr & Christina M. Ribaudo have acquired the vacant commercial property at 2419 N Federal Hwy in Delray Beach, FL. The property was sold by Peter Harrigan. This transaction marks an important deal in the local market.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93