Douglas Elliman Represents Sale Of $10.4M Condo In Miami Beach
6864 Fisher Island Drive, Miami Beach, Florida, United States
$10,400,000
$2,186/SF
Building Size
4,757 SF
Asset Type
—
Closing
Apr 26, 2021
About this deal
AI
A luxury condo located at 6864 Fisher Island Dr in Miami Beach has recently been sold for a staggering $10,400,000. Spanning over 4,757 square feet, this impressive property offers ample space for comfortable living. With a price per square foot of $2,186, this sale sets a high bar for the market in the area.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,400,000
- Address: 6864 Fisher Island Dr
- Market: Miami Beach
Tal Alexander and Oren Alexander from AlexanderTeam at Douglas Elliman represented the buyer in this remarkable deal. On the other hand, Dora Puig acted as the seller's representative. The involvement of these experienced professionals showcases the trust and expertise that both parties sought in this transaction.
Players
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93