Dan Abrahams And Tony Stern Acquire Mixed-Use Asset In Delray Beach For $3.3M

The property involved in the transaction is a mixed-use asset located at 801 Southeast 6th Avenue in Delray Beach, featuring a sale price of $3,300,000. The square footage of the property is 9,044, resulting in a price per square foot of $364, and a price per land foot of $109.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,300,000
• Address: 801 Southeast 6th Avenue
• Market: Delray Beach
• Square Footage: 9,044
• Price per Square Foot: $364
• Price per Land Foot: $109
• Buyer: Dan Abrahams & Tony Stern
• Seller: Jacob Elefant
• Brokers: John Brewer, Matthew M. Bachrad & Danielle Stern - William Raveis Real Estate

Dan Abrahams and Tony Stern, representing DLA & Centennial Investments, are the buyers of the asset. The deal reflects a strategic acquisition in Downtown Delray Beach, highlighting the property's location near Atlantic Avenue, ensuring both stable cash flow and potential for future redevelopment.