Michelle Silva Lindquist And Leandro Antonaccio Jr. Of Casa Miami Properties Acquire Fisher Island Condo For $5.5M
SOLD
$5,500,000
Florida
See Similar Deals3,550 SF
Sold 04/12/2021
SOLD
Michelle Silva Lindquist And Leandro Antonaccio Jr. Of Casa Miami Properties Acquire Fisher Island Condo For $5.5M
5224 Fisher Island Dr, Miami Beach, FL, USA
See Similar Deals3,550 SF
Sold 04/12/2021
Summary
FLORIDA
Price Per Square Foot:$1,549
Total Square Footage:3,550 SF
Transaction Type:Sale
A condo located at 5224 Fisher Island Dr # 5224 in Miami Beach/Fisher Island has been sold for a price of $5,500,000. The property was listed for sale with an asking price of $5,600,000. It has a total square footage of 3,550, resulting in a price per square foot of $1,549.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $5,500,000
- Address: 5224 Fisher Island Dr # 5224
- Market: Miami Beach/Fisher Island
The sale of this condo was facilitated by brokers Michelle Silva Lindquist from Casa Miami Properties, Leandro Antonaccio Jr. from Casa Miami Properties, and Don Pingaro from Ocean Insiders.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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