Adam Arviv Acquires Fisher Island Condo From Heinrich Von Hanau For $7.5M
Fisher Island, FL, USA
$7,500,000
$2,045/SF
Building Size
3,667 SF
Asset Type
—
Closing
Sep 18, 2021
About this deal
AI
A condo unit in Fisher Island was recently sold for $7,500,000. The property spans 3,667 square feet, resulting in a price per square foot of $2,045. The transaction took place on September 18, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,500,000
- Market: Fisher Island
- Buyer: Adam Arviv
- Seller: Heinrich Von Hanau
- Buyer's Representative: Pablo Alfaro - Douglas Elliman
- Seller's Representative: Dora Puig - Fisher Island Real Estate, LLC
The buyer of the condo unit, Adam Arviv, was represented by Pablo Alfaro from Douglas Elliman. On the other hand, Dora Puig from Fisher Island Real Estate, LLC represented the seller, Heinrich Von Hanau.
On the Map
$7,500,000
$2,045/SF
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Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2K per square foot on a published $7.5M for 3,667 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93