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799 Crandon Boulevard, Key ...

Lucrecia Lindemann Acquires Key Biscayne Condo From Massimo Grimaldi For $5.4M
SOLD

Lucrecia Lindemann Acquires Key Biscayne Condo From Massimo Grimaldi For $5.4M

799 Crandon Boulevard, Key Biscayne, Florida 33149, United States

$5,400,000

$1,508/SF

Building Size

3,581 SF

Asset Type

Closing

Mar 16, 2022

AI

Located at 799 Crandon Blvd unit in Key Biscayne, this condo is a prime asset in the transaction. The property spans 3,581 square feet and was sold for $5,400,000, resulting in a price per square foot of $1,508. The transaction took place on 03/17/2022.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,400,000
  • Address: 799 Crandon Blvd unit, Key Biscayne

In this transaction, the seller was Massimo Grimaldi. Lucrecia Lindemann from Dezer Platinum Realty acted as the buyer's representative, while Michelle Shurtleff from Compass represented the seller. The deal was facilitated by the condo Queen, who brought her buyer a pristine property in a limited inventory market. Working with top-tier agents like Michelle Shurtleff was crucial for the successful completion of this transaction. The condo Queen is known for her expertise in both on and off-market properties.

It is worth noting that the property attracted attention in a market with limited inventory, emphasizing the importance of strong professional relationships when presenting a deal. The collaboration between the condo Queen and Michelle Shurtleff played a significant role in the successful execution of this transaction.

Players

Lucrecia Lindemann

Broker

$5.4M

vol

1 deal

Broker

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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93