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
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