Updated Oct 29, 2024
Karlie Kloss & Joshua Kushner Acquire $23.5M SFR In Miami Beach From Menin Hospitality
2318 North Bay Road
$23,500,000
$1,604/SF
Building Size
14,647 SF
Asset Type
Single Family Residence
Closing
Aug 31, 2020
About this deal
AI
A single-family residential property located at 2318 North Bay Road in Miami Beach has recently been sold. The property spans 14,647 square feet, with a price per square foot of $1,604, resulting in a total transaction amount of $23,500,000. The sale took place on August 31, 2020. The buyers of the property are Karlie Kloss and Joshua Kushner, while the seller is Keith Menin from Menin Hospitality.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $23,500,000
- Address: 2318 North Bay Road, Miami Beach
- Market: Miami Beach
Karlie Kloss and Joshua Kushner have acquired this property, making them the new owners. On the other hand, Keith Menin, representing Menin Hospitality, acted as the seller in this transaction. This sale marks a significant real estate deal in Miami Beach.
On the Map
$23,500,000
$1,604/SF
Single Family Residence
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Players
Miami Beach 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93