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2618 Trapp Avenue

Michael Johnson Sells Condo In Coconut Grove Miami For $2.285M With David Pulley And Yulia Skurikhina
SOLDCondo

Michael Johnson Sells Condo In Coconut Grove Miami For $2.285M With David Pulley And Yulia Skurikhina

2618 Trapp Avenue

$2,285,000

$955/SF

Building Size

2,391 SF

Asset Type

Condo

Closing

Jun 24, 2024

AI

The condo located at 2618 Trapp Avenue in Coconut Grove, Miami, was recently sold for $2,285,000. Spanning 2,391 square feet, the property was transacted at a price per square foot of $956.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,285,000
  • Address: 2618 Trapp Avenue, Coconut Grove, Miami
  • Price Per Square Foot: $956
  • Seller: Michael Johnson
  • Buyer's Representative: Yulia Skurikhina - Julie's Realty
  • Seller's Representative: David Pulley - Douglas Elliman

Yulia Skurikhina from Julie's Realty represented the buyer in the transaction, while the seller was represented by David Pulley from Douglas Elliman.

Players

David Pulley

Sotheby's International Realty

Broker

$67.3M

vol

14 deals

Broker

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.94%

Cash-on-Cash

-1.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93