PDS Development Acquires Fisher Island Condo For $13.5M
SOLD
$13,500,000
Florida
See Similar Deals4,738 SF
Sold 02/12/2021
SOLD
PDS Development Acquires Fisher Island Condo For $13.5M
7084 Fisher Island Dr, Miami Beach, FL, USA
See Similar Deals4,738 SF
Sold 02/12/2021
Summary
FLORIDA
Price Per Square Foot:$2,849
Total Square Footage:4,738 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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