Marcelo Boffi Acquires Single Family Property In Key Biscayne For $4M
101 Island Drive
$4,000,000
$1,205/SF
Building Size
3,318 SF
Asset Type
Single Family
Closing
May 17, 2024
AI
The property located at 101 Island Drive in Key Biscayne was a Single Family home that was recently sold for $4,000,000. Spanning 3,318 square feet, the property was transacted at a price per square foot of $1,206. The lot size of this asset was 15,000 square feet, resulting in a price per lot square foot of $267.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,000,000
- Address: 101 Island Drive
- Market: Key Biscayne
- Buyer: Marcelo Boffi
- Seller: Alfonso Viallaraos & Josefina Vidal
- Buyer's Representative: Mariana Garber - Coldwell Banker
- Seller's Representative: Cecile Sanchez - Fortune Christie's International Real Estate
- Square Footage: 3,318
- Price Per Square Foot: $1,206
- Lot Square Footage: 15,000
- Price Per Lot Square Foot: $267
The transaction was facilitated by Mariana Garber of Coldwell Banker, who represented the buyer, Marcelo Boffi, in the deal. On the seller's side, Cecile Sanchez from Fortune Christie's International Real Estate acted as the seller's representative for Alfonso Viallaraos & Josefina Vidal. This sale brought together key individuals and companies contributing to the successful property transaction.
Players
Key Biscayne Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93