Michael Lipman Sells Single Family Home At 2141 Secoffee Street Miami For $1.75M
2141 Secoffee Street
$1,750,000
$732/SF
Building Size
2,388 SF
Asset Type
Single Family Residence
Closing
Sep 6, 2024
AI
The property asset involved in the transaction is a single-family home located at 2141 Secoffee Street in the Miami market. The sale price for the property was $1,750,000, and it encompasses an area of 2,388 square feet, resulting in a price per square foot of $732.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,750,000
- Address: 2141 Secoffee Street
- Market: Miami
- Square Footage: 2,388
- Price Per Square Foot: $732
- Seller: Michael Lipman
- Broker: Tomi Rose - Aston Rose Sports + Entertainment
The deal features Michael Lipman as the seller, represented by broker Tomi Rose from Aston Rose Sports + Entertainment, facilitating the transaction in the Miami real estate market.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93