Fisher Island Condo Acquired For $11.2M
6800 Fisher Island Drive, Unit 6831, Miami Beach, FL 33109
$11,200,000
$3,027/SF
Building Size
3,700 SF
Asset Type
—
Closing
Oct 20, 2022
About this deal
AI
The asset involved in the transaction is a condo located at 6800 Fisher Island Drive Unit 6831 within the Fisher Island market. The sale price was recorded at $11,200,000, and the property encompasses 3,700 square feet, resulting in a price per square foot of $3,027.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,200,000
- Address: 6800 Fisher Island Drive Unit 6831
- Market: Fisher Island
- Square Footage: 3,700
- Price per Square Foot: $3,027
- Seller: Dr. Diane Walder
- Seller's Representative: Jill Eber - The Jills Zeder Group at Coldwell Banker Realty
- Buyer's Representative: Anthony Lauria - Compass
The transaction was facilitated by two key representatives: Anthony Lauria from Compass representing the buyer and Jill Eber from The Jills Zeder Group at Coldwell Banker Realty representing the seller, ensuring a smooth exchange between the involved parties.
Players
Miami 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
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93