Updated Dec 20, 2023
Fortune International Realty Key Biscayne Inc Acquires SFR In Key Biscayne For $13M
460 N Mashta Dr, Key Biscayne, FL 33149, USA
$13,000,000
$1,195/SF
Building Size
10,875 SF
Asset Type
Single Family Residence
Closing
Sep 30, 2020
About this deal
AI
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.
Players
Key Biscayne Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
Visit David Siddons to view all their deals.
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93