Pierre Brondeau Acquires Fisher Island Condo From Palazzo Del Sol Developer For $13.5M
7000 Fisher Island Dr, Miami Beach, FL 33109, USA
$13,500,000
$2,724/SF
Building Size
4,956 SF
Asset Type
—
Closing
Jun 11, 2020
About this deal
AI
An impressive condo located at 7000 Fisher Island Drive in Fisher Island, Miami Beach, has been sold for a staggering $13,500,000. The spacious property spans 4,956 square feet, making it an exceptional living space. With a price per square foot of $2,723.97, this condo offers luxurious amenities and a desirable location.
Summary of the transaction details
- Property Type: Condo
- Transaction Amount: $13,500,000
- Address: 7000 Fisher Island Drive
- Market: Fisher Island, Miami Beach
- Square Footage: 4,956 sqft
- Price per Square Foot: $2,723.97
The buyer of this remarkable condo is Pierre Brondeau. The seller is Palazzo Del Sol Developer, who successfully completed the sale. Facilitating this impressive transaction was Dora Puig, a renowned broker at Luxe Living Miami. Dora Puig played a crucial role in ensuring a smooth and successful deal for both the buyer and seller.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $13.5M for 4,956 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93