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7972 Fisher Island Drive, M...

Heather D. Crosby & Christopher J. Crosby Acquire Condo On Fisher Island Dr For $8,995,000
SOLD

Heather D. Crosby & Christopher J. Crosby Acquire Condo On Fisher Island Dr For $8,995,000

7972 Fisher Island Drive, Miami, FL, USA

$8,995,000

$1,457/SF

Building Size

6,170 SF

Asset Type

Closing

Feb 16, 2021

AI

A condo located at 7972 Fisher Island Dr in Miami Beach was recently sold for $8,995,000. The sale took place on February 17, 2021. The condo has a total square footage of 6,170, resulting in a price per square foot of $1,458.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $8,995,000
  • Address: 7972 Fisher Island Dr, Miami Beach
  • Square Footage: 6,170

The buyers of the condo are Heather D. Crosby and Christopher J. Crosby. They were represented by Denise Levine from Denise Levine Realty. On the other hand, the sellers of the property are Michael and Ron Simkins, who are associated with Innovate Development Group. Cyril Matz from Douglas Elliman served as the seller's representative in the deal.

Players

Cyril Matz

Douglas Elliman

Broker

$240.9M

vol

19 deals

Broker
Michael Simkins

Michael Simkins

Seller

$326.8M

vol

12 deals

Seller

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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93