360 Ocean Drive Key Biscayne Condo Sold For $10M By Graber Realty Group & One Sotheby's International Realty
SOLD
Florida
See Similar DealsCondo3,791 SF
Sold
SOLD
360 Ocean Drive Key Biscayne Condo Sold For $10M By Graber Realty Group & One Sotheby's International Realty
360 Ocean Drive
See Similar DealsCondo3,791 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2637
Total Square Footage:3791 SF
Transaction Type:Sale
A condominium unit located at 360 Ocean Drive in Key Biscayne has been sold for $10,000,000. The property spans across 3,791 square feet, resulting in a price per square foot of $2,638.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,000,000
- Address: 360 Ocean Drive, Key Biscayne
- Square Footage: 3,791
The sale was facilitated by the following brokers: Juan "Zulu" Zuluaga from Graber Realty Group, and Joelle Oiknine and Jorge Uribe from One Sotheby's International Realty.
Players
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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