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
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