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Robert Moran Acquires Miami Beach Condo For $1.6M

Property Image
SOLD
$1,600,000
Kirill Kokarev
David Nguah
+ 1

Florida

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1,190 SF
Sold 02/25/2022
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Property Image
SOLD

Robert Moran Acquires Miami Beach Condo For $1.6M

100 Lincoln Road, Miami Beach, Florida 33139, United States

See Similar Deals
1,190 SF
Sold 02/25/2022
Kirill Kokarev
David Nguah
+ 1
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Summary

FLORIDA
Price Per Square Foot:$1,344
Total Square Footage:1,190 SF
Transaction Type:Sale

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

14 deals$67.3M volume(305) 794-1500
BROKER


Kirill Kokarev
4 deals$23.6M volume
BROKER

Freddie Baigen
Luxe Properties
2 deals$2.7M volume
BROKER

Details

SOLD
IMAGE: David Nguah, Kirill Kokarev & David Pulley DATE: 02/25/2022 ADDRESS: 100 Lincoln Rd PH10 MARKET: Miami Beach ASSET TYPE: Condo BUYER: Robert Moran SELLER: Maria Salgado Alvarez BUYER'S REP: Kirill Kokarev (@Broker1One) - Broker One (www.myBrokerOne.com) SELLER'S REP: David Pulley & David Nguah - Douglas Elliman SALE PRICE: $1,600,000 SF: 1,490 ~ PPSF: $1,074

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

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80