Michael Johnson Sells Condo In Coconut Grove Miami For $2.285M With David Pulley And Yulia Skurikhina
SOLD
Florida
See Similar DealsCondo2,391 SF
Sold
SOLD
Michael Johnson Sells Condo In Coconut Grove Miami For $2.285M With David Pulley And Yulia Skurikhina
2618 Trapp Avenue
See Similar DealsCondo2,391 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$955
Total Square Footage:2391 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$121,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,118.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,832.07
Annual Debt Service$129,984.79
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