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.
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