Daniela Izquierdo Sells Development Site At 630 Sunset Circle Key Biscayne For $3.85M
SOLD
$3,850,000
Florida
See Similar DealsDevelopment Site
Sold 08/19/2024
SOLD
Daniela Izquierdo Sells Development Site At 630 Sunset Circle Key Biscayne For $3.85M
630 Sunset Circle
See Similar DealsDevelopment Site
Sold 08/19/2024
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57
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