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6800 Fisher Island Drive

Maggie And Reed Cordish Acquire Miami Beach Condo From PDS Development
SOLDCondo

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

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.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

86 deals

Broker
Heinrich Von Hanau

Heinrich Von Hanau

PDS Development

Seller

$78.5M

vol

8 deals

Seller

Miami Beach 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

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93