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824 Duval Street, Key West,...

Updated Dec 19, 2023

RE/MAX Advance Realty Brokers Sell Mixed-Use Property On Duval St. In Key West For $5.8M
SOLDMixed-use

RE/MAX Advance Realty Brokers Sell Mixed-Use Property On Duval St. In Key West For $5.8M

824 Duval Street, Key West, Florida 33040, United States

$5,800,000

$1,115/SF

Building Size

5,200 SF

Asset Type

Mixed-use

Closing

Feb 27, 2022

About this deal

AI

Located at 824-826 Duval St, this mixed-use property in Key West recently changed hands in a closed sale transaction. The deal was facilitated by Curtis Skomp, Greg Dully, and Michael Petro of RE/MAX Advance Realty, who represented the parties involved in the transaction. The sale price for this property was $5,800,000, with a total square footage of 5,200. This translates to a price per square foot of $1,115. In summary, this mixed-use property in Key West was sold for $5,800,000. The property spans 5,200 square feet, with a price per square foot of $1,115. Curtis Skomp, Greg Dully, and Michael Petro of RE/MAX Advance Realty acted as brokers in the transaction.

Players

Curtis Skomp

Re/Max

Broker

$11M

vol

2 deals

Broker

Key West Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $5.8M for 5,200 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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