Christopher Sykers Purchases Single Family Home From Pierre Malhado & Daniella Desilva For $1.615M
18 Northeast 42nd Street
$1,615,000
$585/SF
Building Size
2,760 SF
Asset Type
Single Family Residence
Closing
Nov 15, 2024
AI
The property asset involved in the transaction is a single-family home located at 18 Northeast 42nd Street in the Miami market. The sale price was $1,615,000, and the property spans 2,760 square feet, resulting in a price per square foot of $585.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,615,000
- Address: 18 Northeast 42nd Street
- Market: Miami
- Square Footage: 2,760
- Price Per Square Foot: $585
- Buyer: Christopher Sykers
- Seller: Pierre Malhado & Daniella Desilva
- Buyer's Representative: Lataryn Gay - Sotheby's International Realty
- Seller's Representative: Samantha Scalzo - S&S Global
The key individuals involved in the deal include the buyer, Christopher Sykers, and the sellers, Pierre Malhado and Daniella Desilva. Lataryn Gay represented the buyer through Sotheby's International Realty, while Samantha Scalzo represented the sellers with S&S Global.
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
9.82%
Cash-on-Cash
-2.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93