Nicole & Ilya Kovalchuk Acquire Fisher Island Condo For $8.5M
SOLD
$8,500,000
Florida
See Similar Deals3,807 SF
Sold 02/07/2022
SOLD
Nicole & Ilya Kovalchuk Acquire Fisher Island Condo For $8.5M
Fisher Island, Miami Beach, Florida, United States
See Similar Deals3,807 SF
Sold 02/07/2022
Summary
FLORIDA
Price Per Square Foot:$2,232
Total Square Footage:3,807 SF
Transaction Type:Sale
Nicole & Ilya Kovalchuk have purchased a condo in Fisher Island, Miami Beach. The sale was facilitated by broker Dora Puig from Luxe Living Realty. The condo was sold by Heinrich Von Hanau, who represents PDS Development. The transaction took place on 02/07/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,500,000
- Market: Fisher Island, Miami Beach
- Square Footage: 3,807
Dora Puig, from Luxe Living Realty, acted as the broker for the buyer, Nicole & Ilya Kovalchuk. The seller, Heinrich Von Hanau, represents PDS Development. The sale price for the condo was $8,500,000, with a price per square foot of $2,233.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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