Kim & Claudia Ripper Acquire Multifamily Property From Casper Street For $1.075M
SOLD
$1,075,000
Florida
See Similar DealsMultiFamily2,500 SF
Sold 02/11/2025
SOLD
Kim & Claudia Ripper Acquire Multifamily Property From Casper Street For $1.075M
1700 Southwest 17th Street
See Similar DealsMultiFamily2,500 SF
Sold 02/11/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$430
Total Square Footage:2,500 SF
Transaction Type:Sale
The multifamily asset located at 1700 Southwest 17th Street in Miami has been sold for $1,075,000. The property encompasses an area of 2,500 square feet, translating to a price per square foot of $430.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Sale Date: 02/11/2025
- Buyer: Kim & Claudia Ripper
- Seller: Casper Street
- Buyer's Representative: Carolina Suarez Rivas - Vreeland Real Estate
- Seller's Representative: Mordechai Feinstein - Wilrose Realty
Casper Street, the seller, operates as a real estate investment firm with expertise in challenging transactions, including value-add commercial and residential properties and distressed debt. Their team possesses extensive experience handling complex matters such as bankruptcies, foreclosures, and environmental issues.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58
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