Ron Delano Purchases Waldorf Astoria Penthouse In Las Vegas For $11.8 Million
$11,800,000
$2,950/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Apr 20, 2026
About this deal
AI
The mixed-use property transaction involved a sale at the Waldorf Astoria, located in Las Vegas, NV. The sale price was $11,800,000, and the asset had a total square footage of 4,000, resulting in a price per square foot of $2,950.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,800,000
- Buyer: Ron Delano
- Seller: Waldorf Astoria
- Buyer's Representative: Jacqueline Pirkle - Sotheby's International Realty
- Date of Transaction: 04/21/2026
Jacqueline Pirkle represented the buyer, Ron Delano, in this record-setting penthouse sale at Waldorf Astoria Residences. The transaction is noted for its significant pricing and successful closure in the Las Vegas market.
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93