John A. Staluppi Jr & Christina M. Ribaudo Acquire Retail Property In Delray Beach, FL For $3.75M
655 Northeast 6th Avenue, Delray Beach, Florida 33483, United States
$3,750,000
$197/SF
Building Size
19,029 SF
Asset Type
Retail
Closing
Jan 23, 2022
About this deal
AI
The retail property located at 655 NE 6th Ave in Delray Beach, FL was recently sold in a closed transaction. The property has a total square footage of 19,029 and was sold at a price of $3,750,000. This translates to a price per square foot of $197.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,750,000
- Address: 655 NE 6th Ave, Delray Beach, FL
- Market: Delray Beach, FL
- Buyer: John A. Staluppi Jr & Christina M. Ribaudo
- Seller: James G. O'Neill
- Square Footage: 19,029
- Price per Square Foot: $197
The buyer of the property is represented by John A. Staluppi Jr & Christina M. Ribaudo, while the seller is James G. O'Neill.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93