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Andrew Carton - Mobile Nations Acquires Land (SFR) In Key Biscayne For $5.25M

Property Image
SOLD
$5,250,000
Cecilia Sanchez
Ricardo Querejeta
AC

Florida

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Single Family Residence15,200 SF
Sold 01/07/2020
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Property Image
SOLD

Andrew Carton - Mobile Nations Acquires Land (SFR) In Key Biscayne For $5.25M

571 N Mashta Dr, Key Biscayne, FL 33149, USA

See Similar Deals
Single Family Residence15,200 SF
Sold 01/07/2020
Cecilia Sanchez
Ricardo Querejeta
AC
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$345
Total Square Footage:15,200 SF
Transaction Type:Sale

A land (SFR) located at 571 North Mashta Drive in Key Biscayne has been sold for $5,250,000. The property has a building square footage of 15,200, resulting in a price per square foot of $345.

Summary of transaction details

  • Property Type: Land (SFR)
  • Transaction Amount: $5,250,000
  • Address: 571 North Mashta Drive, Key Biscayne
  • Market: Key Biscayne

Andrew Carton from Mobile Nations has purchased the property from Pugla Investments LLC, represented by Fernando J. Lopez. The buyer was assisted by Cecilia Sanchez from Great Properties International LLC, while Ricardo Querejeta from Sea Grove Realty represented the seller.

Players

Ricardo Querejeta
Ricardo Querejeta
1 deal$5.3M volume
BROKER
Cecilia Sanchez
Cecilia Sanchez
1 deal$5.3M volume
BROKER
AC
Andrew Carton
4 deals$20.9M volume
BUYER

Details

SOLD
IMAGE: Ricardo Querejeta & Cecilia Sanchez DATE: 01/07/20 ADDRESS: 571 North Mashta Drive MARKET: Key Biscayne ASSET TYPE: Land (SFR) BUYER: Andrew Carton - Mobile Nations SELLER: Pugla Investments LLC - Fernando J. Lopez BROKERS: Cecilia Sanchez - Great Properties International LLC, Ricardo Querejeta - Sea Grove Realty PRICE: $5,250,000 BSF: 15,200 ~ PPBSF: $345

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$280,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14