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John & Ellen Micenko Acquire SFR In Miami Beach For $3M

Property Image
SOLD
$3,000,000
Michael Hoffman
David Sporn
+ 1

Florida

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Single Family Residence2,885 SF
Sold 05/31/2023
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Property Image
SOLD

John & Ellen Micenko Acquire SFR In Miami Beach For $3M

5657 La Gorce Dr Miami Beach, FL 33140, USA

See Similar Deals
Single Family Residence2,885 SF
Sold 05/31/2023
Michael Hoffman
David Sporn
+ 1
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,039
Total Square Footage:2,885 SF
Transaction Type:Sale

Located at 5657 La Gorce Drive in Miami Beach, this single-family home was recently sold in a private transaction. The property spans a total of 2,885 square feet. The sale price for this home was $3,000,000, resulting in a price per square foot of $1,040.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $3,000,000
  • Address: 5657 La Gorce Drive, Miami Beach
  • Market: Miami Beach

John and Ellen Micenko acquired this property from Sophie and Jeffrey Marquart. Represented by Chris Dowda and Michael Hoffman from eXp Realty, LLC, the buyers successfully closed the deal. On the other side, Sophie and Jeffrey Marquart were represented by David Sporn and Eva Oliver from Coldwell Banker Realty.

Players

Chris Dowda
2 deals$6.6M volume(305) 308-7530
BROKER

Michael Hoffman
EXP Realty
2 deals$3M volume(786) 298-6470
BROKER

David Sporn
Coldwell Banker
1 deal$3M volume(305) 803-3283
BROKER

Eva Oliver
Coldwell Banker
1 deal$3M volume(786) 356-7213
BROKER

Details

SOLD
IMAGE: Michael Hoffman & Chris Dowda DATE: 05/31/2023 ADDRESS: 5657 La Gorce Drive MARKET: Miami Beach ASSET TYPE: SFR BUYER: John & Ellen Micenko SELLER: Sophie & Jeffrey Marquart BUYER'S REP: Chris Dowda (@Chris_Dowdas_Your_Guy) & Michael Hoffman (@Michael_H_Hoffman) - eXp Realty, LLC (@TropicalBeachSideGroup) SELLER'S REP: David Sporn (@DavidSporn) & Eva Oliver (@EvaOliverMiami) - Coldwell Banker Realty (@ColdwellBanker) SALE PRICE: $3,000,000 SF: 2,885 ~ PPSF: $1,040

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Deal Type
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Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
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