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100 Lincoln Road, Miami Bea...

Robert Moran Acquires Miami Beach Condo For $1.6M
SOLD

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

David Pulley

Sotheby's International Realty

Broker

$67.3M

vol

14 deals

Broker

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93