Brian O'Neill Buys Retail Property From Jon Vogel In Delray Beach For $3.65M
1660 South Congress Avenue
$3,650,000
$1,327/SF
Building Size
2,750 SF
Asset Type
Retail
Closing
Mar 11, 2024
AI
The retail property located at 1660 South Congress Avenue in Delray Beach was sold for $3,650,000. The property spans 2,750 square feet, resulting in a price per square foot of $1,327. The transaction took place on 03/11/2024, with the seller being Jon Vogel of Sun Gas Properties Boca Raton.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,650,000
- Buyer: Brian O'Neill
- Seller's Representative: Daniel Solomon & Robert Nuchereno - Katz & Associates; Edward Cairo - Laguna Realty Partners
The deal involved notable figures such as buyer Brian O'Neill and seller Jon Vogel. The seller's representatives were Daniel Solomon and Robert Nuchereno from Katz & Associates, along with Edward Cairo from Laguna Realty Partners. The transaction showcased a successful acquisition in the Delray Beach market, emphasizing the active commercial real estate landscape in the area.
Players
Delray Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93