Michael A Stein Acquires Fisher Island Condo For $5.2M
SOLD
$5,200,000
Florida
See Similar Deals6,260 SF
Sold 01/26/2021
SOLD
Michael A Stein Acquires Fisher Island Condo For $5.2M
5284 Fisher Island Drive, Miami Beach, FL, USA
See Similar Deals6,260 SF
Sold 01/26/2021
Summary
FLORIDA
Price Per Square Foot:$830
Total Square Footage:6,260 SF
Transaction Type:Sale
Located in Miami Beach, this condominium at 5284 Fisher Island Dr has been sold in a recent transaction. The sale was finalized on January 26, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,200,000
- Square Footage: 6,260
- Price per Square Foot: $831
- Address: 5284 Fisher Island Dr
- Market: Miami Beach
The buyer of this property is Michael A Stein, while Veranda Dickens served as the seller. Facilitating the deal was broker Karla Abaunza, representing Luxury Living Realty.
No further details regarding this transaction are available.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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