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
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