Eric Pilla Acquires Miami Condo Unit For $590,000
SOLD
$590,000
Florida
See Similar DealsCondo1,087 SF
Sold 04/14/2023
SOLD
Eric Pilla Acquires Miami Condo Unit For $590,000
90 Southwest 3rd Street
See Similar DealsCondo1,087 SF
Sold 04/14/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$542
Total Square Footage:1,087 SF
Transaction Type:Sale
A condo located at 90 Southwest 3rd Street Unit 601 in Miami was recently sold for a total price of $590,000. The property has a total square footage of 1,087 and a price per square foot of $543. The transaction took place on April 14, 2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $590,000
- Address: 90 Southwest 3rd Street Unit 601
- Market: Miami
- SF: 1,087
- PPSF: $543
The buyer of the condo was Eric Pilla, while the seller was Anthony Wongg. Anthony Nucci from Nucci Real Estate represented the buyer, and David Flores represented the seller. The lender involved in the transaction was Vittorio Sbrocca from First Team Lending.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$31,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,096.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,796.90
Annual Debt Service$33,562.81
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