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Douglas Elliman Acquires Fisher Island Condo For $9.95M

Property Image
SOLD
$9,950,000
Karla Abaunza
Lourdes Alatriste
Laura Castillo

Florida

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Condo3,580 SF
Sold 06/16/2023
the dealplayerscompscontact
Property Image
SOLD

Douglas Elliman Acquires Fisher Island Condo For $9.95M

7921 Fisher Island Dr Miami, FL 33109, USA

See Similar Deals
Condo3,580 SF
Sold 06/16/2023
Karla Abaunza
Lourdes Alatriste
Laura Castillo
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,779
Total Square Footage:3,580 SF
Transaction Type:Sale

A condo located at 7921 Fisher Island Dr in Fisher Island has been sold for $9,950,000. The property spans 3,580 square feet and has a price per square foot of $2,779.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $9,950,000
  • Square Footage: 3,580
  • Address: 7921 Fisher Island Dr
  • Market: Fisher Island

The buyer's representatives for this transaction were Laura Castillo and Lourdes Alatriste from Douglas Elliman. On the other side, Karla Abaunza represented the seller through Luxury Living Realty.

Players

Lourdes Alatriste
Douglas Elliman
Lourdes Alatriste
38 deals$535.9M volume(305) 926-5322
BROKER
Karla Abaunza
Luxury Living Realty
Karla Abaunza
5 deals$44.6M volume
BROKER
Laura Castillo
Douglas Elliman
Laura Castillo
2 deals$30.5M volume(941) 600-6404
BROKER

Details

SOLD
IMAGE: Lourdes Alatriste, Karla Abaunza & Laura Castillo DATE: 06/16/2023 ADDRESS: 7921 Fisher Island Dr MARKET: Fisher Island ASSET TYPE: Condo BUYER'S REP: Laura Castillo (@Lauracastillo_miami) & Lourdes Alatriste (@LourdesAlatriste) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanFlorida) SELLER'S REP: Karla Abaunza (@Karla.Abaunza) - Luxury Living Realty (@LuxuryLivingRealty) SALE PRICE: $9,950,000 SF: 3,580 ~ PPSF: $2,779

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

$530,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,350.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,168.08
Annual Debt Service$566,016.92