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360 Ocean Drive, Key Biscay...

Updated Dec 18, 2023

Compass Acquires Key Biscayne Condo For $2.88M
SOLD

Compass Acquires Key Biscayne Condo For $2.88M

360 Ocean Drive, Key Biscayne, FL, USA

$2,880,000

$1,664/SF

Building Size

1,730 SF

Asset Type

Closing

Nov 16, 2020

About this deal

AI

A penthouse condo unit located at 360 Ocean Drive LPH 5S in Key Biscayne has been sold for $2,880,000. The transaction took place on November 17, 2020. The property has a total area of 1,730 square feet, resulting in a price per square foot of $1,665. The asking price for the condo was $2,990,000. The sale was represented by Mauricio J. Barba from Compass. The buyer's representative in this deal was Mauricio J. Barba himself.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,880,000
  • Address: 360 Ocean Drive LPH 5S
  • Market: Key Biscayne
  • Square Footage: 1,730
  • Price per Square Foot: $1,665
  • Asking Price: $2,990,000

Mauricio J. Barba from Compass was the buyer's representative in this transaction. He successfully facilitated the sale of the penthouse condo. Mauricio J. Barba's expertise in the Key Biscayne market played a significant role in securing the deal at a favorable price.

Players

Mauricio Barba

Compass

Broker

$36.6M

vol

9 deals

Broker

Key Biscayne CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1.7K per square foot on a published $2.9M for 1,730 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.51%

Cash-on-Cash

-1.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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