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7000 Fisher Island Drive, M...

William Patrick & Camille Roxanne McDowell Acquire Miami Beach Condo From Heinrich Von Hanau For $7M
SOLDCondo

William Patrick & Camille Roxanne McDowell Acquire Miami Beach Condo From Heinrich Von Hanau For $7M

7000 Fisher Island Drive, Miami Beach, FL, USA

$7,000,000

$1,954/SF

Building Size

3,581 SF

Asset Type

Condo

Closing

May 6, 2021

AI

A condo located at 7000 Fisher Island Drive Unit 7072 in Miami Beach has been sold for $7,000,000. This property spans 3,581 square feet and was sold at a price per square foot of $1,955. The transaction took place on 05/06/2021.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $7,000,000
  • Address: 7000 Fisher Island Drive Unit 7072
  • Market: Miami Beach

The buyer of the condo is McDowell Properties, represented by William Patrick and Camille Roxanne McDowell. The seller is Heinrich von Hanau, who is associated with PDS Development. The deal was facilitated by Dora Puig from Luxe Living Realty.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

86 deals

Broker
MP
Mcdowell PropertiesBuyer
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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93