Updated Dec 21, 2023
Robert Palmisano Acquires SFR In Fort Lauderdale For $9M With Buyer's Rep Tim Singer
2623 Delmar Place, Fort Lauderdale, FL, USA
$9,000,000
$1,021/SF
Building Size
8,812 SF
Asset Type
Single Family Residence
Closing
Dec 14, 2020
About this deal
AI
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.
On the Map
$9,000,000
$1,021/SF
Single Family Residence
View full map
Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $1K per square foot on a published $9M for 8,812 square feet (2020).
Visit Timothy Singer to view all their deals.
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93