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3131 Northwest 7th Street

Mario Gustavo Ripoli Purchases Miami Condo From Laura Kathleen Coones For $1,050,000
SOLDCondo

Mario Gustavo Ripoli Purchases Miami Condo From Laura Kathleen Coones For $1,050,000

3131 Northwest 7th Street

$1,050,000

$965/SF

Building Size

1,088 SF

Asset Type

Condo

Closing

Jul 16, 2025

AI

A condo at 3131 Northwest 7th Street Unit 1405 in Miami sold for $1,050,000. The 1,088-square-foot unit, priced at $965 per SF, is located in the Miami market.

Summary of transation details:

  • Property Type: Condo
  • Transaction Amount: $1,050,000
  • Address: 3131 Northwest 7th Street Unit 1405
  • Market: Miami
  • Asset Size (SF): 1,088
  • Price per SF: $965
  • Buyer: Mario Gustavo Ripoli
  • Seller: Laura Kathleen Coones
  • Broker: Frank Navarro - Douglas Elliman
  • Date of Sale: 07/16/2025

The deal involved key participants including Mario Gustavo Ripoli as the buyer, Laura Kathleen Coones as the seller, and Frank Navarro of Douglas Elliman acting as broker, representing the parties in this Miami condo transaction.

Players

Frank H Navarro

Douglas Elliman

Broker

$25.4M

vol

9 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93