Maggie And Reed Cordish Acquire Miami Beach Condo From PDS Development
6800 Fisher Island Drive
$6,900,000
$1,812/SF
Building Size
3,808 SF
Asset Type
Condo
Closing
Apr 13, 2021
About this deal
AI
An impressive condominium in Miami Beach has recently been sold for $6,900,000. This stunning property offers a spacious 3,808 square feet of living space, translating to a price per square foot of $1,812. Situated within a desirable market, this condo is a highly sought-after asset.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,900,000
- Square Footage: 3,808
- Price per Square Foot: $1,812
- Market: Miami Beach
The buyers, Maggie Cordish and Reed Cordish, represented by Jill Eber of The Jills Zeder Group - Coldwell Banker, acquired this remarkable property from PDS Development, with Heinrich von Hanau as the seller. Maggie Cordish, along with Reed Cordish from The Cordish Companies, recognized the value in this condominium located in Miami Beach.
Dora Puig from Luxe Living Realty acted as the seller's representative, ensuring a smooth transaction for both parties involved. The involvement of these experienced professionals showcases their expertise in the Miami Beach real estate market. This deal highlights the continued interest in prime properties in the area, attracting buyers who recognize the allure of the Miami Beach lifestyle.
On the Map
$6,900,000
$1,812/SF
Condo
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Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $6.9M for 3,808 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93