Douglas Elliman Represents Buyer In $14.2M Condo Sale On Fisher Island Drive, Miami
SOLD
$14,200,000
Florida
See Similar DealsCondo5,790 SF
Sold 10/04/2023
SOLD
Douglas Elliman Represents Buyer In $14.2M Condo Sale On Fisher Island Drive, Miami
5373 Fisher Island Drive
See Similar DealsCondo5,790 SF
Sold 10/04/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,452
Total Square Footage:5,790 SF
Transaction Type:Sale
A condominium located at 5373 Fisher Island Drive in Miami has been sold for a price of $14,200,000. The property spans across 5,790 square feet and has a price per square foot of $2,453. The transaction took place on October 4, 2023. The property was listed for sale with an asking price of $14,990,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $14,200,000
- Address: 5373 Fisher Island Drive
- Square Footage: 5,790
- Price per Square Foot: $2,453
- Date: October 4, 2023
- Market: Miami
In this real estate transaction, the buyer was represented by Lourdes Alatriste from Douglas Elliman, while the seller was represented by Jorge Escasena from Luxury Living Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$757,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,449.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,315.24
Annual Debt Service$807,782.93
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