facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

2318 North Bay Road

Karlie Kloss & Joshua Kushner Acquire $23.5M SFR In Miami Beach From Menin Hospitality
SOLDSingle Family Residence

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

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.

Players

Joshua Kushner

Cadre

Buyer

$140.3M

vol

3 deals

Buyer

Keith Menin

Menin Hospitality

Seller

$164.6M

vol

13 deals

Seller

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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