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Ajoy Fisher Island LLC Purchases Condo From Mark Sutcliffe For $11.15M In Key Biscayne

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SOLD
$11,150,000

Florida

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Condo3,959 SF
Sold 09/29/2025
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Property Image
SOLD

Ajoy Fisher Island LLC Purchases Condo From Mark Sutcliffe For $11.15M In Key Biscayne

7441 Fisher Island Drive

See Similar Deals
Condo3,959 SF
Sold 09/29/2025
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,816
Total Square Footage:3,959 SF
Transaction Type:Sale

Ajoy Fisher Island LLC purchased a condo located at 7441 Fisher Island Drive in Key Biscayne for $11,150,000 on September 29, 2025. The unit encompasses 3,959 square feet, resulting in a price per square foot of $2,816. The seller of the property was Mark Sutcliffe.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $11,150,000
  • Address: 7441 Fisher Island Drive, Key Biscayne
  • Square Footage: 3,959 SF
  • Price Per Square Foot: $2,816
  • Buyer: Ajoy Fisher Island LLC
  • Seller: Mark Sutcliffe

This transaction involved Ajoy Fisher Island LLC as the buyer, while Mark Sutcliffe was the seller. The deal reflects the engagement of these parties in the real estate market on Fisher Island Drive, highlighting their roles in the closed transaction.

Players

4 deals$66.9M volume
SELLER

Details

SOLD
IMAGE: 09/29/2025 ADDRESS: 7441 Fisher Island Drive MARKET: Key Biscayne ASSET TYPE: Condo BUYER: Ajoy Fisher Island LLC SELLER: Mark Sutcliffe SALE PRICE: $11,150,000 SF: 3,959 ~ PPSF: $2,816 NOTE: Ajoy Fisher Island LLC bought the condo at 7441 Fisher Island Drive in Key Biscayne for $11.15 million on September 29, 2025. The 3,959 SF unit sold from Mark Sutcliffe with a PPSF of $2,816.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$594,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,613.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,856.69
Annual Debt Service$634,280.26