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
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.
Players
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
9.56%
Cash-on-Cash
-2.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93