Mark Mcmahon Living Trust Acquires Condo In Miami Beach For $1.05M
100 Lincoln Road
$1,050,000
$882/SF
Building Size
1,190 SF
Asset Type
Condo
Closing
Apr 27, 2022
About this deal
AI
The property involved in this closed transaction is a condominium located at 100 Lincoln Rd in Miami Beach. The condo has a total area of 1,190 square feet with a price per square foot of $882. The sale took place on April 27, 2022, and the property was sold for $1,050,000. The buyer of the condo is the Mark Mcmahon Living Trust, while the seller is Joar Opheim. The seller was represented by Freddie Baigen from Luxe Properties.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,050,000
- Square Footage: 1,190
- Price Per Square Foot: $882
- Address: 100 Lincoln Rd, Miami Beach
Freddy Baigen from Luxe Properties acted as the seller's representative in this transaction, ensuring a smooth closing process for both parties involved.
On the Map
$1,050,000
$882/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93