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
About this deal
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.
On the Map
$6,100,000
$1,602/SF
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Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $6.1M for 3,807 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