Compass Florida LLC Facilitates $2.35M Sale Of Key Biscayne Development Site
797 Woodcrest Road, Key Biscayne, Florida 33149, United States
$2,350,000
$273/SF
Building Size
8,600 SF
Asset Type
Development Site
Closing
May 18, 2022
AI
A development site located at 797 Woodcrest Rd in Key Biscayne has been sold for a total of $2,350,000. The property spans 8,600 square feet, resulting in a price per square foot of $273. The sale took place on May 19, 2022, and the transaction was facilitated by Alan Chocron from Compass Florida LLC.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,350,000
- Market: Key Biscayne
- Address: 797 Woodcrest Rd
Carlos Moni and Flor Moni are the sellers of this development site. Representing the sellers in this deal was Alan Chocron from Compass Florida LLC.
Players
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93