Scot Cohen Acquires Condo Unit On 445 Grand Bay Dr, Key Biscayne For $11.375M
SOLD
$11,375,000
Florida
See Similar Deals7,690 SF
Sold 03/08/2022
SOLD
Scot Cohen Acquires Condo Unit On 445 Grand Bay Dr, Key Biscayne For $11.375M
445 Grand Bay Drive, Key Biscayne, Florida 33149, United States
See Similar Deals7,690 SF
Sold 03/08/2022
Summary
FLORIDA
Price Per Square Foot:$1,479
Total Square Footage:7,690 SF
Transaction Type:Sale
A condominium unit located at 445 Grand Bay Dr in Key Biscayne, FL has been sold. The property, spanning 7,690 square feet, was purchased for a total price of $11,375,000. The price per square foot for this transaction was $1,479.
Summary of transaction details
- Property Type: Condo Unit
- Transaction Amount: $11,375,000
- Address: 445 Grand Bay Dr, Key Biscayne, FL
- Square Footage: 7,690
- Price Per Square Foot: $1,479
The buyer of the property is Scot Cohen, while the seller is Lowe Ding.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$606,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,412.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,923.30
Annual Debt Service$647,079.64
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