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
About this deal
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.
On the Map
$7,000,000
$1,954/SF
Condo
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Miami Beach Condo Market Snapshot
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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