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5245 Fisher Island Drive, #...

Eduardo Pruna Of Power Realty & Management Sells Miami Beach Condo For $4.3M
SOLDCondo

Eduardo Pruna Of Power Realty & Management Sells Miami Beach Condo For $4.3M

5245 Fisher Island Drive, #5245

$4,300,000

$2,205/SF

Building Size

1,950 SF

Asset Type

Condo

Closing

Jul 16, 2024

AI

This transaction involves a condo located at 5245 Fisher Island Drive, Miami Beach. The asking price for the property was set at $4,500,000, and the sale price concluded at $4,300,000. The condo spans a total square footage of 1,950, translating to a price per square foot of $2,205.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,300,000
  • Address: 5245 Fisher Island Drive, Miami Beach
  • Asking Price: $4,500,000
  • Square Footage: 1,950
  • Price per Square Foot: $2,205
  • Image: Eduardo Pruna
  • Date of Transaction: 07/16/2024
  • Broker: Eduardo Pruna - Power Realty & Management

Eduardo Pruna from Power Realty & Management represented the transaction as the broker. The deal reflects the effective engagement between the buyer and seller facilitated by the brokerage expertise in a high-value property market.

Players

Eduardo Pruna

Power Realty & Management

Broker

$10.5M

vol

4 deals

Broker

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93