Archie Drury Acquires Palazzo Della Luna Penthouse 2 Condo In Fisher Island For $40M
Fisher Island, Miami Beach, Florida 33109, United States
$40,000,000
$3,923/SF
Building Size
10,194 SF
Asset Type
—
Closing
Dec 20, 2021
About this deal
AI
The Palazzo Della Luna Penthouse 2, located in Fisher Island, Miami Beach, has been sold in a closed transaction. The luxury condominium property spans an impressive 10,194 square feet and was sold for a total price of $40,000,000. With a price per square foot of $3,924, this sale showcases the high-end nature of the property.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $40,000,000
- Square Footage: 10,194
- Price Per Square Foot: $3,924
- Address: Palazzo Della Luna Penthouse 2, Fisher Island, Miami Beach
- Market: Fisher Island, Miami Beach
Representing the buyer in this transaction was Archie Drury from Douglas Elliman. On the other side, Dora Puig from Luxe Living Realty acted as the seller's representative. Their expertise in the luxury real estate market played a crucial role in finalizing the deal.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $3.9K per square foot on a published $40M for 10,194 square feet (2021).
Visit Archie Drury to view all their deals.
Browse Florida sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93