Updated Dec 21, 2023
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
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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