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6800 Fisher Island Drive, F...

The Menin Hospitality Acquires Fisher Island Condo For $6.1M
SOLD

The Menin Hospitality Acquires Fisher Island Condo For $6.1M

6800 Fisher Island Drive, Fisher Island, FL, USA

$6,100,000

$1,602/SF

Building Size

3,807 SF

Asset Type

Closing

May 4, 2021

AI

A condo unit located at 6800 Fisher Island, Unit 6825 was recently sold in Fisher Island. The property, with a size of 3,807 square feet, was sold for $6,100,000 at a price per square foot of $1,602. The transaction took place on May 5, 2021.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $6,100,000
  • Square Footage: 3,807
  • Address: 6800 Fisher Island Unit 6825
  • Market: Fisher Island

The buyer in this transaction was Keith Menin, representing The Menin Hospitality. The seller was Heinrich Von Hanau, associated with PDS Development. The deal was facilitated by Dora Puig and Evelyn Menin from Luxe Living Realty.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

86 deals

Broker
Luxury Living Realty
Luxury Living RealtyBrokerage
Keith Menin

Keith Menin

Menin Hospitality

Buyer

$154.1M

vol

12 deals

Buyer
Heinrich Von Hanau

Heinrich Von Hanau

PDS Development

Seller

$78.5M

vol

8 deals

Seller

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

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93