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5325 Fisher Island Drive

Augusto Napoli Acquires Condo On Fisher Island Drive In Miami Beach For $3.9M
SOLDCondo

Augusto Napoli Acquires Condo On Fisher Island Drive In Miami Beach For $3.9M

5325 Fisher Island Drive

$3,900,000

$1,423/SF

Building Size

2,740 SF

Asset Type

Condo

Closing

Mar 15, 2023

AI

A condominium located at 5325 Fisher Island Drive in Miami Beach has recently been sold. The property, spanning 2,740 square feet, was sold for a total price of $3,900,000, resulting in a price per square foot of $1,423. The transaction took place on March 15, 2023.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $3,900,000
  • Square Footage: 2,740
  • Address: 5325 Fisher Island Drive, Miami Beach

The buyer of the condominium is Augusto Napoli. Representing the buyer in this transaction is Ana Rodrigues Da Cruz, who works for Coldwell Banker Realty. On the seller's side, Jon Kotler of Keller Williams served as the representative.

Players

Jon Kotler

Keller Williams Realty

Broker

$90M

vol

15 deals

Broker

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

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93