Heather D. Crosby & Christopher J. Crosby Acquire Condo On Fisher Island Dr For $8,995,000
SOLD
$8,995,000
Florida
See Similar Deals6,170 SF
Sold 02/17/2021
SOLD
Heather D. Crosby & Christopher J. Crosby Acquire Condo On Fisher Island Dr For $8,995,000
7972 Fisher Island Drive, Miami, FL, USA
See Similar Deals6,170 SF
Sold 02/17/2021
Summary
FLORIDA
Price Per Square Foot:$1,457
Total Square Footage:6,170 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$479,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,957.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,640.89
Annual Debt Service$511,690.67
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