Nissani Twins Acquire 8,725 SF Condo Units In Miami Beach For $1.95M
605 Lincoln Rd, Miami Beach, FL, USA
$1,950,000
$223/SF
Building Size
8,725 SF
Asset Type
—
Closing
Sep 10, 2020
AI
Two units at 605 Lincoln Rd. in Miami Beach have been sold in a recent transaction. Unit 800 and Unit 270 were part of this condo sale. The deal closed on 09/11/2020 with a sale price of $1,950,000. The total square footage of the units is 8,725, resulting in a price per square foot of $223.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,950,000
- Square Footage: 8,725
- Price per Square Foot: $223
- Address: 605 Lincoln Rd.
- Market: Miami Beach
The sale was facilitated by brokers Jeff Nissani and Erik Nissani of Nissani Twins Miami Boca. The Nissani Twins, originally from NYC, have recently relocated to South Florida to establish a comprehensive real estate team specializing in residential and commercial transactions from Miami to Boca Raton. For more information, contact Jeff Nissani at 917 776 6650.
It is worth noting that this deal was signed and closed within just one day, reflecting the efficiency and effectiveness of the parties involved in the transaction.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93