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630 Sunset Circle

Daniela Izquierdo Sells Development Site At 630 Sunset Circle Key Biscayne For $3.85M
SOLDDevelopment Site

Daniela Izquierdo Sells Development Site At 630 Sunset Circle Key Biscayne For $3.85M

630 Sunset Circle

$3,850,000

Building Size

Asset Type

Development Site

Closing

Aug 19, 2024

AI

The property involved in this transaction is a development site located at 630 Sunset Circle in Key Biscayne. The sale price for this asset was $3,850,000, and it comprises a total of 9,500 square feet, resulting in a price per square foot of $405.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,850,000
  • Address: 630 Sunset Circle
  • Market: Key Biscayne
  • Built Square Feet: 9,500
  • Price per Built Square Feet: $405
  • Seller: Daniela Izquierdo
  • Broker: Ruben Chamorro - Douglas Elliman

Ruben Chamorro represented the seller, Daniela Izquierdo, in this transaction, facilitating the sale of the property. The deal was closed on 08/19/2024.

Players

Ruben Chamorro

Douglas Elliman

Broker

$25.8M

vol

12 deals

Broker

Key Biscayne Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.12%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93