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243 Northwest 41st Street

Patrick Salisbury Purchases Single Family Home From Walter Rios In Miami For $2.88M
SOLDSingle Family Residence

Patrick Salisbury Purchases Single Family Home From Walter Rios In Miami For $2.88M

243 Northwest 41st Street

$2,884,800

$868/SF

Building Size

3,321 SF

Asset Type

Single Family Residence

Closing

Apr 28, 2025

AI

The property asset involved in this transaction is a single-family home located at 243 Northwest 41st Street in the Miami market. The property, which encompasses a total of 3,321 square feet, has a sale price of $2,884,800, translating to a price per square foot of $868. This residence represents new construction.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,884,800
  • Buyer: Patrick Salisbury
  • Seller: Walter Rios
  • Broker: Frank H. Navarro - Douglas Elliman

In this transaction, the broker representing the seller, Walter Rios, is Frank H. Navarro of Douglas Elliman, who facilitated the sale between the buyer and seller. This deal marks a notable closing in the Miami real estate market.

Players

Frank H Navarro

Douglas Elliman

Broker

$25.4M

vol

9 deals

Broker

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

5.50%

Cash-on-Cash

-1.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93