Jorge Fernandez Sells Condo On Grand Bay Drive In Key Biscayne For $5.2M
430 Grand Bay Drive
$5,200,000
$1,316/SF
Building Size
3,950 SF
Asset Type
Condo
Closing
Feb 22, 2023
About this deal
AI
Located at 430 Grand Bay Drive in Key Biscayne, Florida, this recently closed condominium sale is definitely worth noting. With a spacious area of 3,950 square feet, the property boasts a sale price of $5,200,000, equating to a price per square foot of $1,316.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,200,000
- Square Footage: 3,950
- Sale Price per Square Foot: $1,316
- Address: 430 Grand Bay Drive, Key Biscayne, Florida
In this transaction, the seller's representative was Jorge Fernandez from Compass. His expertise and guidance likely played a crucial role in the successful sale of this impressive condominium.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $5.2M for 3,950 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93