The Menin Hospitality Acquires Fisher Island Condo For $6.1M
SOLD
$6,100,000
Florida
See Similar Deals3,807 SF
Sold 05/05/2021
SOLD
The Menin Hospitality Acquires Fisher Island Condo For $6.1M
6800 Fisher Island Drive, Fisher Island, FL, USA
See Similar Deals3,807 SF
Sold 05/05/2021
Summary
FLORIDA
Price Per Square Foot:$1,602
Total Square Footage:3,807 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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