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Palm Beach, FL, USA

Tommy & Dee Olceppo Hilfiger Acquire Palm Beach Single Family For $21M
SOLDSingle Family

Tommy & Dee Olceppo Hilfiger Acquire Palm Beach Single Family For $21M

Palm Beach, FL, USA

$21,000,000

$4,160/SF

Building Size

5,047 SF

Asset Type

Single Family

Closing

Jun 1, 2021

AI

A single-family home in Palm Beach has been sold for $21,000,000. The property spans 5,047 square feet, resulting in a price per square foot of $4,161. The transaction was completed on June 1, 2021.

Summary of transaction details

The buyers of the property were Tommy and Dee Olceppo Hilfiger. The sellers were Irene Dizney and Donald Dizney, who is associated with United Medical Corporation. The deal was facilitated by Christian Angle of Christian Angle Real Estate, who acted as the broker in the transaction.

Players

Christian Angle

Christian Angle Real Estate

Broker

$2.8B

vol

101 deals

Broker
H
HilfigerBuyer

Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93