Michael Bencer Purchases SFR In Miami Shores From Chris Hanal For $2.175M With Giovanni Mancini & Mina Taskiran As Buyer's Representatives
10603 Northeast 11th Avenue
$2,175,000
$849/SF
Building Size
2,559 SF
Asset Type
Single Family Residence
Closing
Sep 24, 2025
AI
The property involved in this transaction is a single-family residence located at 10603 Northeast 11th Avenue in the Miami Shores market. The sale price of the asset is $2,175,000, and it encompasses a total of 2,559 square feet, resulting in a price per square foot of $849.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,175,000
- Buyer: Michael Bencer
- Seller: Chris Hanal
- Buyer's Representative: Giovanni Mancini & Mina Taskiran - Sotheby's International Realty
- Market: Miami Shores
- Square Footage: 2,559
- Price per Square Foot: $849
Giovanni Mancini and Mina Taskiran represent the buyer, Michael Bencer, in this transaction. The seller of the property is Chris Hanal. The buyer's representatives provide additional insights with a note regarding another waterfront development opportunity for sale in Miami Beach, emphasizing a reasonable fair market price that the seller is willing to accept.
Players
Miami Shores Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93