Fortune International Realty Key Biscayne Inc Acquires SFR In Key Biscayne For $13M
SOLD
$13,000,000
Florida
See Similar DealsSingle Family Residence10,875 SF
Sold 10/01/2020
SOLD
Fortune International Realty Key Biscayne Inc Acquires SFR In Key Biscayne For $13M
460 N Mashta Dr, Key Biscayne, FL 33149, USA
See Similar DealsSingle Family Residence10,875 SF
Sold 10/01/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,195
Total Square Footage:10,875 SF
Transaction Type:Sale
The recently closed property transaction in Key Biscayne involved the sale of a single-family residence located at 460 N Mashta Dr. The property spans 10,875 square feet and was sold for a price of $13,000,000. The price per square foot was calculated at $1,195, indicating the value of the property in this market. The transaction took place on 10/01/2020.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $13,000,000
- Square Footage: 10,875
- Price per Square Foot: $1,195
Philippe Neumann from Fortune International Realty Key Biscayne Inc represented the buyer in this transaction, while David Siddons from Douglas Elliman represented the seller. They played crucial roles in facilitating the deal, ensuring a smooth transaction for both parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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