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6800 Fisher Island Dr #8812...

RJ Property Holdings Acquires Fisher Island Condo From Patrick Dovigi - GFL Environmental For $20M
SOLDCondo

RJ Property Holdings Acquires Fisher Island Condo From Patrick Dovigi - GFL Environmental For $20M

6800 Fisher Island Dr #8812 Miami Beach, FL 33109, USA

$20,000,000

$4,667/SF

Building Size

4,285 SF

Asset Type

Condo

Closing

Jun 29, 2023

AI

A lanai-style condo at Palazzo Della Luna on Fisher Island was sold for $20 million in a recent transaction. The property, located at 6800 Fisher Island Drive Unit 8812 in Miami Beach, has a size of approximately 4,285 square feet. The sale price equates to a price per square foot of $4,667.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $20,000,000
  • Address: 6800 Fisher Island Drive Unit 8812
  • Market: Miami Beach

RJ Property Holdings acquired the condo unit from Patrick Dovigi, CEO of GFL Environmental, in the transaction. Previously, the unit was sold in 2022 for $21.25 million.

NOTE: The seller, Patrick Dovigi, is a Canadian executive.

Players

Patrick Dovigi

Seller

$290.5M

vol

8 deals

Seller

Miami 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93