Alex Redfearn Of Redfearn Capital Acquires Mixed-Use Property In Delray Beach From Steve And Lee Cohen
131 East Atlantic Avenue
Building Size
9,114 SF
Asset Type
Mixed-use
Closing
Dec 14, 2025
AI
The property asset involved in the transaction is a mixed-use building located at 131-137 East Atlantic Avenue in Delray Beach. It encompasses a total square footage of 9,114. The transaction occurred on December 15, 2025.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 131-137 East Atlantic Avenue
- Market: Delray Beach
- Asset Size: 9,114 SF
- Buyer: Alex Redfearn - Redfearn Capital
- Seller: Steve Cohen & Lee Cohen
- Seller's Representative: Michael Ciadella - Cushman & Wakefield
The transaction involved key individuals, with Alex Redfearn representing Redfearn Capital as the buyer. The sellers in this transaction were Steve Cohen and Lee Cohen, who engaged Michael Ciadella from Cushman & Wakefield as their representative in the deal.
Players
Delray Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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