Updated Dec 4, 2024
Florida Capital Realty Represents Elias Monroy In $3.2M Key Colony Beach Development Site Sale
10 15th Circle North
$3,200,000
Building Size
—
Asset Type
Development Site
Closing
Oct 25, 2023
About this deal
AI
A development site located at Lot 10 15th Circle in Key Colony Beach has been sold. The sale was facilitated by Joseph Suarez of Florida Capital Realty, who represented the buyer. The transaction took place on October 25, 2023.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $3,200,000
- Seller: Elias Monroy
- Buyer's Rep: Joseph Suarez - Florida Capital Realty
The development site was sold for a total of $3,200,000. Elias Monroy served as the seller, while Joseph Suarez, representing Florida Capital Realty, acted as the buyer's representative in the deal.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93