Salvatore Ditta Acquires Delray Beach Retail Property For $2.5M
398 Northeast 6th Avenue, Delray Beach, Florida 33483, United States
$2,500,000
$526/SF
Building Size
4,750 SF
Asset Type
Retail
Closing
May 10, 2022
About this deal
AI
An retail property located at 398 NE 6th Ave in Delray Beach was recently sold for a total price of $2,500,000. The property spans a total of 4,750 square feet, resulting in a price per square foot of $526. The transaction took place on 05/11/2022 and was captured by Adam H. Klein & Elon Gerberg in a photo.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 398 NE 6th Ave, Delray Beach
- Market: Delray Beach
- Square Footage: 4,750 SF
- Price per Square Foot: $526
- Buyer: Salvatore Ditta
- Seller: James Gagliardi
- Brokers: Elon Gerberg & Adam H. Klein - ROI Partners - SVN Commercial Partners
The transaction was facilitated by Elon Gerberg and Adam H. Klein, representing ROI Partners - SVN Commercial Partners. Their expertise and negotiation skills contributed to the successful closing of the deal. Both the buyer, Salvatore Ditta, and the seller, James Gagliardi, were satisfied with the outcome of the transaction.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93