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Babe Rizzuto purchases Jupi...

Babe Rizzuto Acquires Jupiter Single Family Property For $35.5M
SOLDSingle Family Residence

Babe Rizzuto Acquires Jupiter Single Family Property For $35.5M

$35,500,000

$3,227,272/SF

Building Size

11 SF

Asset Type

Single Family Residence

Closing

Oct 8, 2022

AI

Located in Jupiter, this single-family property sits on a spacious 2.3-acre lot. The property was recently sold on 08/10/2022. The transaction was closed for a sale price of $35,500,000, with a selling price per square foot of $3,227. The property spans over 11,000 square feet.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $35,500,000
  • Acres: 2.3

The buyer of this property is Babe Rizzuto, the heir of Conair. Represented by Andrew Russo from Illustrated Properties, Babe Rizzuto successfully acquired this home from Lesley and Robert Stone. Milla Russo, also from Russo Group - Illustrated Properties, represented the sellers in the transaction.

Players

Andrew Russo

Illustrated Properties Real Estate

Broker

$62.8M

vol

4 deals

Broker

Robert Stone

City of Hope

Seller

$425.5M

vol

2 deals

Seller

Market 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93