Mario Gustavo Ripoli Purchases Miami Condo From Laura Kathleen Coones For $1,050,000
SOLD
$1,050,000
Florida
See Similar DealsCondo1,088 SF
Sold 07/16/2025
SOLD
Mario Gustavo Ripoli Purchases Miami Condo From Laura Kathleen Coones For $1,050,000
3131 Northwest 7th Street
See Similar DealsCondo1,088 SF
Sold 07/16/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$965
Total Square Footage:1,088 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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