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7954 Fisher Island Drive, M...

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

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

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.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

87 deals

Broker
Luxury Living Realty
Luxury Living RealtyBrokerage

Mark Sutcliffe

Redzone

Buyer

$66.9M

vol

4 deals

Buyer

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

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