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4832 Fisher Island Dr, Miam...

Vanessa Moorefield-Yidios Acquires 7,100 SF Condo In Fisher Island For $11M
SOLD

Vanessa Moorefield-Yidios Acquires 7,100 SF Condo In Fisher Island For $11M

4832 Fisher Island Dr, Miami Beach, FL 33109, USA

$11,000,000

$1,549/SF

Building Size

7,100 SF

Asset Type

Closing

Mar 16, 2022

AI

An elegant condo located at 4832 & 4833 Fisher Island Drive in Fisher Island, Miami Beach has recently been sold in a closed transaction. This stunning property, spanning approximately 7,100 square feet, was a highly sought-after asset in the market. The sale price for this exquisite condo was a staggering $11,000,000, translating to a price per square foot of $1,549.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $11,000,000
  • Address: 4832 & 4833 Fisher Island Drive
  • Market: Fisher Island, Miami Beach

In this noteworthy deal, Vanessa Moorefield-Yidios together with Yamal Yidios from Ytech successfully acquired the condo. Yamal Yidios, the CEO of Ytech, has played a pivotal role in the company's real estate development and redevelopment projects worth over $2 billion. On the other hand, the seller, Alberto Saraiva, represented Habib’s in this transaction.

Players

Yamal Yidios

Ytech

Buyer

$769.6M

vol

10 deals

Buyer
Y
YtechBuyer

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93