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40 Lagorce Circle

Byron Roth Of Roth Capital Partners Acquires Miami Beach SFR For $23M
SOLDMultiFamily

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

Brett Harris

Douglas Elliman

Broker

$590M

vol

16 deals

Broker

Douglas Cramer

Seller

$31.1M

vol

2 deals

Seller

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