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7000 Fisher Island Dr, Miam...

Pierre Brondeau Acquires Fisher Island Condo From Palazzo Del Sol Developer For $13.5M
SOLD

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

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

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

86 deals

Broker
Luxury Living Realty
Luxury Living RealtyBrokerage

Pierre Brondeau

Buyer

$62.2M

vol

3 deals

Buyer

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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93