Gary R. Spivack Acquires Condo At Grand Bay Tower, Key Biscayne From Maria Palacio
430 Grand Bay Drive, Key Biscayne, FL 33149
$3,850,000
$1,355/SF
Building Size
2,840 SF
Asset Type
—
Closing
Dec 9, 2021
AI
A condominium located at 430 Grand Bay Dr # PH-2EN in Grand Bay Tower, Key Biscayne, has been sold in a recent transaction. The property is a 2,840 square feet condo and was sold for a price of $3,850,000. The transaction took place on 12/09/2021, and the buyers were Gary R. Spivack, while Maria Palacio was the seller.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $3,850,000
- Address: 430 Grand Bay Dr # PH-2EN
- Market: Grand Bay Tower, Key Biscayne
The real estate agents involved in the deal were Paola Marulanda and Roxana Garcia from One Sotheby's International Realty. They represented both the buyer and the seller in the transaction.
Roxana Garcia, a Global Estate Agent at One Sotheby's International Realty, noted that this sale achieved the highest price per square foot ever recorded at Grand Bay Tower, Key Biscayne. For more information, you can contact Roxana Garcia at 305-798-9321 or via email at [email protected].
Key Biscayne CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93