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Robert Palmisano Acquires SFR In Fort Lauderdale For $9M With Buyer's Rep Tim Singer

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SOLD
$9,000,000

Florida

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Single Family Residence8,812 SF
Sold 12/15/2020
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Property Image
SOLD

Robert Palmisano Acquires SFR In Fort Lauderdale For $9M With Buyer's Rep Tim Singer

2623 Delmar Place, Fort Lauderdale, FL, USA

See Similar Deals
Single Family Residence8,812 SF
Sold 12/15/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,021
Total Square Footage:8,812 SF
Transaction Type:Sale

The property involved in this transaction is a Single Family Residence (SFR) located at 2623 Delmar Place in Fort Lauderdale. The sale was completed on December 15, 2020, with a sale price of $9,000,000. The property spans 8,812 square feet, resulting in a price per square foot (PPSF) of $1,021.

Summary of transaction details:

  • Property Type: Single Family Residence (SFR)
  • Transaction Amount: $9,000,000
  • Address: 2623 Delmar Place
  • Market: Fort Lauderdale

The buyer in this transaction is Robert Palmisano, while the seller is Don R. Norman. Representing the buyer is Tim Singer from Coldwell Banker, and handling the seller's representation is Josh Dotoli from the Dotoli Group at Compass.

Players

Timothy Singer
2 deals$17.8M volume
BROKER

Josh Dotoli
Compass
7 deals$51.3M volume
BROKER

Details

SOLD
IMAGE: Josh Dotoli⁠ DATE: 12/15/2020⁠ ADDRESS: 2623 Delmar Place⁠ MARKET: Fort Lauderdale⁠ ASSET TYPE: SFR⁠ ⁠ BUYER: Robert Palmisano⁠ SELLER: Don R. Norman⁠ BUYER'S REP: Tim Singer - Coldwell Banker⁠ SELLER'S REP: Josh Dotoli (@JoshDotoliGroup) - Dotoli Group @Compass⁠ ⁠ SALE PRICE: $9,000,000⁠ SF: 8,812 ~ PPSF: $1,021

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$31,975.10
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