Robert Moran Acquires Miami Beach Condo For $1.6M
100 Lincoln Road, Miami Beach, Florida 33139, United States
$1,600,000
$1,344/SF
Building Size
1,190 SF
Asset Type
—
Closing
Feb 24, 2022
AI
Located at 100 Lincoln Rd PH10 in Miami Beach, this condominium was recently sold in a closed transaction. The property spans 1,490 square feet and features a stunning view of the surrounding area. The sale took place on February 25, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,600,000
- Price per Square Foot: $1,074
- Buyer: Robert Moran
- Seller: Maria Salgado Alvarez
Representing the buyer during the transaction was Kirill Kokarev from Broker One (www.myBrokerOne.com), while David Pulley and David Nguah from Douglas Elliman acted as the seller's representatives.
This deal showcases the continued demand for luxury condominiums in Miami Beach. With its prime location and spacious square footage, this property offers a desirable investment opportunity for buyers. The sale price of $1,600,000 reflects the value placed on this stunning condo in the current market.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93