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2501 Mercedes Drive, Fort L...

Updated Dec 21, 2023

Dennis R. O’Neil Acquires Fort Lauderdale SFR For $14M
SOLDSingle Family Residence

Dennis R. O’Neil Acquires Fort Lauderdale SFR For $14M

2501 Mercedes Drive, Fort Lauderdale, FL, USA

$14,000,000

$1,506/SF

Building Size

9,295 SF

Asset Type

Single Family Residence

Closing

Mar 8, 2021

About this deal

AI

This Fort Lauderdale property, located at 2501 Mercedes Drive, was recently sold in a closed transaction. The single-family residence spans 9,295 square feet and achieved a sale price of $14,000,000, resulting in a price per square foot of $1,506. Tim Elmes from Compass served as the broker in the deal, representing both the seller, Steven L. Feder & Lou Thomas Trosclair, and the buyer, Dennis R. O’Neil.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $14,000,000
  • Address: 2501 Mercedes Drive, Fort Lauderdale
  • Market: Fort Lauderdale

Dennis R. O’Neil emerged as the buyer in this transaction, while the property was sold by Steven L. Feder & Lou Thomas Trosclair. Tim Elmes, representing Compass, acted as the broker in the deal, facilitating the successful sale of the property.

Players

Tim Elmes

Compass

Broker

$364.5M

vol

16 deals

Broker

Dennis R O'Neil

Buyer

$28M

vol

2 deals

Buyer

Steven L Feder

Seller

$28M

vol

2 deals

Seller

Fort Lauderdale Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.5K per square foot on a published $14M for 9,295 square feet (2021).

Visit Tim Elmes to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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