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

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SOLD
$20,000,000

Florida

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Condo4,285 SF
Sold 06/29/2023
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Property Image
SOLD

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

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

See Similar Deals
Condo4,285 SF
Sold 06/29/2023
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$4,667
Total Square Footage:4,285 SF
Transaction Type:Sale

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

8 deals$290.5M volume
SELLER

Details

SOLD
IMAGE: Patrick Dovigi DATE: 06/29/2023 ADDRESS: 6800 Fisher Island Drive Unit 8812 MARKET: Miami Beach ASSET TYPE: Condo BUYER: RJ Property Holdings SELLER: Patrick Dovigi - GFL Environmental SALE PRICE: $20,000,000 SF: 4,285 ~ PPSF: $4,667 NOTE: A lanai-style condo at Palazzo Della Luna on Fisher Island was sold for $20 million by the firm of Canadian executive Patrick Dovigi, CEO of GFL Environmental. The 4,285-square-foot unit, which last sold for $21.25 million in 2022, was purchased by RJ Property Holdings.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$71,055.77
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