260 Crandon Blvd #C15
About This Property
Uncover a unique investment with this meticulously renovated commercial unit with 1,044 sqft. Bathed in natural light from floor-to-ceiling windows, this prime space thrives in a vibrant environment surrounded by popular restaurants, high-end stores, and notable banks. Currently under a three-year lease beginning January 1, 2024, with a monthly rent of $6,500, this property ensures a reliable income stream. Boasting one of the largest floor plans available. This space combines elegance with a coveted location. Enjoy the convenience of plenty of parking, valet services during peak hours, and excellent pedestrian traffic. Seize the chance to own a piece of Key Biscayne's success.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 10, 2024 | No longer available | - | |
| No longer available | |||
| Nov 22, 2023 | Listed | $1,400,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/19/2026
|
Loft
|
-
|
32000 ft²
|
$7,200
Loft
-
32000 ft²
|
$6,800
-5.56%
09/30/2026
|
Francoise Wynne
Ashton Real Estate, Inc.
| |
|
11/22/2023
|
Loft
|
-
|
-
|
$1,400,000
Loft
-
|
-
-
|
James Salas
E Realty International, Inc.
| |
|
09/29/2023
| |
Loft
|
-
|
-
|
$350,000
Loft
-
|
-
-
|
Raul Gil
Business Unlimited Realty
|
|
09/27/2023
|
Loft
|
-
|
-
|
$1,198,700
Loft
-
|
-
-
|
Victoria De Giraldo
BHHS EWM Realty
| |
|
12/09/2021
|
Loft
|
-
|
-
|
$1,672,800
Loft
-
|
$1,360,000
-18.70%
07/20/2022
|
Edward Schmidt
E. L. S. Realty Corp.
| |
|
10/20/2021
|
Loft
|
-
|
-
|
$1,100,000
Loft
-
|
-
-
|
Denise Estefan
Avanti Way
| |
|
04/21/2021
|
Loft
|
-
|
-
|
$1,100,000
Loft
-
|
-
-
|
Denise Estefan
Avanti Way
| |
|
12/31/2018
|
Loft
|
-
|
-
|
$990,000
Loft
-
|
$970,000
-2.02%
11/20/2019
|
Gus Martinez
Keller Williams Realty SW
| |
|
09/30/2018
| |
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
|
Building Info
- 3 Units for Sale
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017