Byron Roth Of Roth Capital Partners Acquires Miami Beach SFR For $23M
40 Lagorce Circle
$23,000,000
$2,776/SF
Building Size
8,284 SF
Asset Type
MultiFamily
Closing
May 11, 2023
AI
The property in question is a single-family residence located at 40 La Gorce Circle in Miami Beach. The transaction took place on January 27, 2021, with a sale price of $23,000,000. The property spans a total of 8,284 square feet, resulting in a price per square foot of $2,776.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $23,000,000
- Date: 01/27/2021
- Address: 40 La Gorce Circle, Miami Beach
The buyer of the property is Byron Roth, representing Roth Capital Partners. On the other hand, the sellers are Douglas Cramer and Hubert Bush. The deal was facilitated by Eloy Carmenate, Mick Duchon, and Brett Harris, who are brokers affiliated with Douglas Elliman.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93