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
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