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100 Lincoln Road

Mark Mcmahon Living Trust Acquires Condo In Miami Beach For $1.05M
SOLDCondo

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

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.

Players

Freddie Baigen

Luxe Properties

Broker

$2.7M

vol

2 deals

Broker
LT
Living TrustBuyer

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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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