Miami Condo On Fisher Island Sold By Dora Puig & Katrina Campins For $8.5M
SOLD
$8,500,000
Florida
See Similar Deals3,620 SF
Sold 12/07/2021
SOLD
Miami Condo On Fisher Island Sold By Dora Puig & Katrina Campins For $8.5M
6842 Fisher Island Drive, Miami Beach, FL 33109
See Similar Deals3,620 SF
Sold 12/07/2021
Summary
FLORIDA
Price Per Square Foot:$2,348
Total Square Footage:3,620 SF
Transaction Type:Sale
A condo located at 6842 Fisher Island Drive in Miami has been sold in a recent transaction. The property was listed for an asking price of $9,000,000 and was eventually sold for $8,500,000. This condo spans approximately 3,620 square feet, resulting in a price per square foot of $2,348.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,500,000
- Address: 6842 Fisher Island Drive
- Market: Miami
- Asking Price: $9,000,000
- Square Footage: 3,620
- Price per Square Foot: $2,348
The deal was facilitated by two brokers involved in the transaction. Dora Puig, from Luxe Living Realty, represented one side, while Katrina Campins, from The Campins Company, represented the other side. Both brokers played a crucial role in negotiating the sale of this condo on Fisher Island.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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