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Siobhan Sutcliffe Acquires Fisher Island Condo In Miami Beach For $21M

Property Image
SOLD
$21,000,000
Julian Johnston
Dora Puig
MS

Florida

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Condo6 SF
Sold 03/20/2023
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Property Image
SOLD

Siobhan Sutcliffe Acquires Fisher Island Condo In Miami Beach For $21M

7954 Fisher Island Drive, Miami Beach, Florida, United States

See Similar Deals
Condo6 SF
Sold 03/20/2023
Julian Johnston
Dora Puig
MS
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,500,000
Total Square Footage:6 SF
Transaction Type:Sale

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.

Players

Dora Puig
Luxe Living Realty
Dora Puig
86 deals$1.4B volume(305) 613-2118
BROKER
Julian Johnston
The Corcoran Group
Julian Johnston
55 deals$777.3M volume(305) 502-3985
BROKER
Luxury Living Realty
Luxury Living Realty
BROKERAGE
MS
Mark Sutcliffe
4 deals$66.9M volume
BUYER
R
Redzone
BUYER

Details

SOLD
IMAGE: Dora Puig, Julian Johnston & Mark Sutcliffe DATE: 03/20/2023 ADDRESS: 7954 Fisher Island Drive Unit 7954 MARKET: Miami Beach ASSET TYPE: Condo BUYER: Siobhan Sutcliffe; Mark Sutcliffe - Redzone SELLER: Anilesh Ahuja BUYER'S REP: Julian Johnston (@Julian.Johnston) - The Corcoran Group (@TheCorcoranGroup) SELLER'S REP: Dora Puig (@DoraPuig) - Luxe Living Realty (@LuxeLivingMiami) SALE PRICE: $21,000,000 SF: 6,822 ~ PPSF: $3,078

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
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