Eduardo Pellico Acquires SFR In Coconut Grove, Miami For $3.4M
SOLD
$3,400,000
Florida
See Similar DealsSingle Family Residence3,617 SF
Sold 07/11/2022
SOLD
Eduardo Pellico Acquires SFR In Coconut Grove, Miami For $3.4M
3500 East Glencoe Street, Miami, Florida 33133, United States
See Similar DealsSingle Family Residence3,617 SF
Sold 07/11/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$940
Total Square Footage:3,617 SF
Transaction Type:Sale
A single-family home located in Coconut Grove, Miami was recently sold for a total of $3,400,000. The property, situated at 3500 E Glencoe St, encompasses a total area of 3,617 square feet. This amounts to a price per square foot of $940, highlighting the value of the home in the market. The transaction took place on 07/11/2022.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $3,400,000
- Address: 3500 E Glencoe St
- Market: Coconut Grove, Miami
The buyer of the property is Eduardo Pellico. On the other hand, Zubin Kassamali served as the seller. Karen Elmir, from One Sotheby's International Realty, represented the seller in the deal as their representative. These individuals played crucial roles in the successful conclusion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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