Douglas Elliman Acquires Key Biscayne Condo For $1.66M With Margarita Sanclemente & Juan Jose Velasquez
781 Crandon Boulevard, Key Biscayne, FL 33149
$1,660,000
$664/SF
Building Size
2,500 SF
Asset Type
—
Closing
Apr 21, 2020
About this deal
AI
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.
On the Map
$1,660,000
$664/SF
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Key Biscayne CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $664 per square foot on a published $1.7M for 2,500 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.56%
Cash-on-Cash
-2.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93