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

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SOLD
$5,400,000

Florida

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3,581 SF
Sold 03/17/2022
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Property Image
SOLD

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

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

See Similar Deals
3,581 SF
Sold 03/17/2022
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Summary

FLORIDA
Price Per Square Foot:$1,508
Total Square Footage:3,581 SF
Transaction Type:Sale

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

1 deal$5.4M volume
BROKER

Details

SOLD
IMAGE: Lucrecia Lindemann & Michelle Shurtleff DATE: 03/17/2022 ADDRESS: 799 Crandon Blvd unit MARKET: Key Biscayne ASSET TYPE: Condo SELLER: Massimo Grimaldi BUYER'S REP: Lucrecia Lindemann (@Luqui2012) - Dezer Platinum Realty SELLER'S REP: Michelle Shurtleff - Compass SALE PRICE: $5,400,000 SF: 3,581 ~ PPSF: $1,508 NOTE FROM BROKER: Condo Queen does it again! Brining a pristine property to her buyer in a limited inventory market! Relationships play a big part when presenting a deal! Working with top tier agents such as, Michell Shurtleff, was key in the full execution of this transaction. Count on your condo Queen for on and off market properties when buying or selling! Caviar dreams …..caviar properties

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$288,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06