Siobhan Sutcliffe Acquires Fisher Island Condo In Miami Beach For $21M
7954 Fisher Island Drive, Miami Beach, Florida, United States
$21,000,000
$3,500,000/SF
Building Size
6 SF
Asset Type
Condo
Closing
Mar 20, 2023
About this deal
AI
The condominium located at 7954 Fisher Island Drive Unit 7954 in Miami Beach has been sold for a price of $21,000,000. Spanning across 6,822 square feet, the condo was sold at an average price per square foot of $3,078. The transaction took place on March 20, 2023.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $21,000,000
- Address: 7954 Fisher Island Drive Unit 7954, Miami Beach
- Market: Miami Beach
The buyer of the property is Siobhan Sutcliffe, who was represented by Julian Johnston from The Corcoran Group. Mark Sutcliffe, also a buyer, was represented by Redzone. The seller of the condo is Anilesh Ahuja, and the seller's representative during the transaction was Dora Puig from Luxe Living Realty.
On the Map
$21,000,000
$3,500,000/SF
Condo
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Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3.5M per square foot on a published $21M for 6 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93