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6800 Fisher Island Dr, Miam...

Updated Oct 28, 2024

Intrinsic Edge Capital Management Acquires Miami Beach Condo For $6.1M
SOLD

Intrinsic Edge Capital Management Acquires Miami Beach Condo For $6.1M

6800 Fisher Island Dr, Miami Beach, FL, USA

$6,100,000

$1,685/SF

Building Size

3,620 SF

Asset Type

Closing

Apr 18, 2021

About this deal

AI

A condo located at 6800 Fisher Island Dr Unit 6832 in Miami Beach has been sold for $6,100,000. The property spans 3,620 square feet and has a price per square foot of $1,685. The sale was facilitated by Dora Puig of Luxe Living Realty, who represented the seller, PDS Development LLC. The buyer, Mark D. Coe from Intrinsic Edge Capital Management, was represented by Don Pingaro of Ocean Insiders.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $6,100,000
  • Address: 6800 Fisher Island Dr Unit 6832
  • Market: Miami Beach
  • Buyer: Mark D. Coe - Intrinsic Edge Capital Management
  • Seller: PDS Development LLC
  • Buyer's Representative: Don Pingaro - Ocean Insiders
  • Seller's Representative: Dora Puig - Luxe Living Realty
  • Size: 3,620 square feet
  • Price per Square Foot: $1,685

In this transaction, Mark D. Coe, representing Intrinsic Edge Capital Management, purchased the condo from PDS Development LLC. Don Pingaro of Ocean Insiders acted as the buyer's representative, while Dora Puig of Luxe Living Realty represented the seller. This deal highlights the successful collaboration between these individuals and companies in the Miami Beach market.

Players

Dora Puig

Luxe Living Realty

Broker

$1.5B

vol

90 deals

Broker
Luxury Living Realty
Luxury Living RealtyBrokerage

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1.7K per square foot on a published $6.1M for 3,620 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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