Douglas Elliman Acquires Key Biscayne Condo For $1.66M With Margarita Sanclemente & Juan Jose Velasquez
SOLD
Florida
See Similar Deals2,500 SF
Sold 04/21/2020
SOLD
Douglas Elliman Acquires Key Biscayne Condo For $1.66M With Margarita Sanclemente & Juan Jose Velasquez
781 Crandon Boulevard, Key Biscayne, FL 33149
See Similar Deals2,500 SF
Sold 04/21/2020
Summary
FLORIDA
Price Per Square Foot:$664
Total Square Footage:2,500 SF
Transaction Type:Sale
A condo located at 781 Crandon Blvd in Key Biscayne was recently sold for $1,660,000. The transaction took place on April 21, 2021, with a sale price of $664 per square foot. The condo spans 2,500 square feet and is situated in a desirable area.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,660,000
- Address: 781 Crandon Blvd, Key Biscayne
- Square Footage: 2,500 sqft
- Price Per Square Foot: $664
The sale was facilitated by the brokerage firm Douglas Elliman, with Margarita Sanclemente, Juan Jose Velasquez, and Sanclemente Group representing the buyers in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,897.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,869.25
Annual Debt Service$94,430.96
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