$2,900,000 Loan Secured For Retail Asset At 1601 N Congress Ave West Palm Beach
1601 N Congress Ave
$2,900,000
$362/SF
Building Size
8,008 SF
Asset Type
Retail
Closing
Feb 9, 2025
About this deal
AI
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,900,000.00
- Address: 1601 N Congress Ave
- Market: West Palm Beach
The retail loan at 1601 N Congress Ave in West Palm Beach, Florida financed for $2.9M in 2025. The building is 8,008 square feet, implying about 362 per square foot on the published price. Named participants on the 1601 N Congress Ave loan are Michael J. Gefter. This page is the West Palm Beach, Florida file for the 1601 N Congress Ave retail financed: pricing, party profiles, and other closed retail comps from the same West Palm Beach sit in the Market section below. Filter that West Palm Beach retail set by closing date to see what else financed near 1601 N Congress Ave around 2025. Published consideration for 1601 N Congress Ave is $2.9M, dated 2025. Cite this $2,900,000 Loan Secured For Retail Asset At 1601 N Congress Ave West Palm Beach loan when underwriting similar retail product around West Palm Beach, Florida.
Players
West Palm Beach Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93