Archie Drury Represents Jenni Coba And Joshua Mark Coba On Sale Of Homestead Condo
7600 Fisher Island Drive Unit 7611
$16,200,000
$3,334/SF
Building Size
4,859 SF
Asset Type
Condo
Closing
Mar 17, 2023
About this deal
AI
The property involved in this transaction is a condo located at 7600 Fisher Island Drive Unit 7611 in Homestead. The condo spans 4,859 square feet and was sold for a total price of $16,200,000, resulting in a price per square foot of $3,334. The seller of the condo is Jenni Coba and Joshua Mark Coba, who are associated with Europian Wax Center. The buyer is 7611 Fisher LLC. The deal was facilitated by broker Archie Drury of Douglas Elliman.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $16,200,000
- Date: 03/17/2023
- Market: Homestead
Archie Drury, representing Douglas Elliman, played a key role as the broker in this transaction. It is noteworthy that the buyer of the condo is 7611 Fisher LLC, while the seller, Jenni Coba and Joshua Mark Coba, are affiliated with Europian Wax Center.
Players
Fishers Island 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93