Luis Garcia Acquires Condo On Fisher Island Drive In Miami Beach For $8.8M
5275 Fisher Island Drive
$8,800,000
$1,803/SF
Building Size
4,880 SF
Asset Type
Condo
Closing
May 8, 2023
AI
The property involved in the transaction is a condo located at 5275 Fisher Island Drive in Miami Beach. The property has a total area of 4,880 square feet and was sold for a price of $8,800,000, resulting in a price per square foot of $1,803. The transaction took place on 05/08/2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,800,000
- Square Footage: 4,880
- Price per Square Foot: $1,803
- Address: 5275 Fisher Island Drive
- Market: Miami Beach
The buyer of the property is Luis Garcia, while Cristiana Arcangeli is the seller. Ana Teresa Rodriguez from Coldwell Banker represented the buyer, and Jill Hertzberg from Coldwell Banker and Cassio Galiza from ONE Sotheby's Realty represented the seller in the deal.
Players
Market 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93