PDS Development Acquires Fisher Island Condo For $13.5M
7084 Fisher Island Dr, Miami Beach, FL, USA
$13,500,000
$2,849/SF
Building Size
4,738 SF
Asset Type
—
Closing
Feb 11, 2021
AI
A luxurious condo located at 7084 Fisher Island Dr in Miami Beach has been sold for a staggering price of $13,500,000. The property spans across 4,738 square feet, with a price per square foot of $3,004. This condo offers a spacious and elegant living space in the heart of Miami Beach.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,500,000
- Address: 7084 Fisher Island Dr, Miami Beach
- Size: 4,738 square feet
- Price per Square Foot: $3,004
The buyer of the property is PDS Development, represented by Heinrich von Hanau. On the other hand, the sellers are Melissa Brondeau and Pierre Brondeau. This transaction marks a significant milestone in the real estate market of Miami Beach.
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93