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7600 Fisher Island Drive Un...

Archie Drury Represents Jenni Coba And Joshua Mark Coba On Sale Of Homestead Condo
SOLDCondo

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

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

Archie Drury

Douglas Elliman

Broker

$56.2M

vol

2 deals

Broker

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