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5325 Fisher Island Dr, Miam...

Jon Kotler & Julian Cohen Acquire Condo At 5325 Fisher Island Dr In Fisher Island, Miami Beach For $3.3M
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

$3,295,000

$1,202/SF

Building Size

2,740 SF

Asset Type

Closing

Mar 22, 2022

AI

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.

Players

Julian Cohen

Douglas Elliman

Broker

$291.6M

vol

23 deals

Broker
Coldwell Banker
Coldwell BankerBrokerage

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

4.81%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93