Willie Kemp Acquires Condo In Miami From Seller J Steven Manolis
253 Northeast 2nd Street
$1,050,000
$585/SF
Building Size
1,795 SF
Asset Type
Co-Op
Closing
Apr 22, 2022
About this deal
AI
A condo located at 253 Northeast 2nd Street in Miami has been sold in a recent transaction. The property spans 1,795 square feet and was sold for a price of $1,050,000. The sale price translates to a price per square foot of $585. The transaction took place on April 22, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,050,000
- Address: 253 Northeast 2nd Street
- Market: Miami
Willie Kemp purchased the condo from J Steven Manolis in this closed transaction. The deal was facilitated by broker Anthony Nucci of Douglas Elliman. Vittorio Sbrocca served as the lender in this transaction.
Players
Miami Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $585 per square foot on a published $1.1M for 1,795 square feet (2022).
Browse Miami co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93