Jon Kotler & Julian Cohen Acquire Condo At 5325 Fisher Island Dr In Fisher Island, Miami Beach For $3.3M
SOLD
Florida
See Similar Deals2,740 SF
Sold 03/23/2022
SOLD
Jon Kotler & Julian Cohen Acquire Condo At 5325 Fisher Island Dr In Fisher Island, Miami Beach For $3.3M
5325 Fisher Island Dr, Miami Beach, FL 33109
See Similar Deals2,740 SF
Sold 03/23/2022
Summary
FLORIDA
Price Per Square Foot:$1,202
Total Square Footage:2,740 SF
Transaction Type:Sale
5325 Fisher Island Dr is a condominium located in Fisher Island, Miami Beach. The property was sold on March 23, 2022, with a sale price of $3,295,000. The condo spans a total of 2,740 square feet, resulting in a price per square foot of $1,202.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,295,000
- Address: 5325 Fisher Island Dr
- Market: Fisher Island, Miami Beach
- Asset Type: Condo
The seller of the property was Robert G. Mardigian. Jon Kotler from Keller Williams Elite Properties represented the buyer, while Julian Cohen from Douglas Elliman acted as the seller's representative in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,706.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,619.98
Annual Debt Service$187,439.77
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