Oneide Gioia Acquires Fisher Island Condo In Miami Beach For $9.25M
7431 Fisher Island Drive, Florida, United States
$9,250,000
$2,312,500/SF
Building Size
4 SF
Asset Type
Condo
Closing
Nov 14, 2022
About this deal
AI
A luxury condo unit located at 7431 Fisher Island Drive Unit 7431 in Miami Beach has been sold for a total of $9,250,000. This spacious unit spans over 4,086 square feet and is situated in a prime location on Fisher Island. The sale price per square foot for this property is $2,264.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,250,000
- Date: 11/14/2022
- Address: 7431 Fisher Island Drive Unit 7431
- Market: Miami Beach
The buyer's representative for this transaction was Oneide Gioia from Luxury Living Realty, while the seller's representative was Dora Puig from Luxe Living Realty.
This successful sale was facilitated by the expertise and guidance provided by Oneide Gioia and Dora Puig, who ensured a smooth and efficient transaction for both parties involved. Their extensive knowledge of the Miami Beach market and their commitment to delivering exceptional service were paramount in achieving a successful outcome.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.3M per square foot on a published $9.3M for 4 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93