Ulvi Mammadov Acquires Fisher Island Condo At 7785 Fisher Island Drive For $8.51M
7785 Fisher Island Drive, Miami Beach, Florida, United States
$8,510,000
$1,379/SF
Building Size
6,170 SF
Asset Type
—
Closing
Feb 16, 2022
About this deal
AI
An apartment unit located at 7785 Fisher Island Drive in Fisher Island has been sold in a recent transaction. The condo unit, consisting of 6,170 square feet, was sold at a price of $8,510,000. The property is situated in the exclusive Fisher Island market and offers luxury living amenities. The sale price translates to a per square foot price of $1,379.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,510,000
- Address: 7785 Fisher Island Drive
- Market: Fisher Island
- Seller's Representative: Dora Puig - Luxe Living Realty
- Buyer's Representative: Ulvi Mammadov - Miami VIP Properties
Dora Puig from Luxe Living Realty represented the seller in the deal, while Ulvi Mammadov from Miami VIP Properties represented the buyer. Both parties played crucial roles in facilitating the transaction and ensuring a smooth process.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $8.5M for 6,170 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.86%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93