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Menin Hospitality Acquires Miami Beach SFR For $17M

Property Image
SOLD
$17,000,000
Lourdes Alatriste
Keith Menin

Florida

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Single Family Residence11,460 SF
Sold 10/07/2020
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Property Image
SOLD

Menin Hospitality Acquires Miami Beach SFR For $17M

64 Lagorce Circle, Miami Beach, FL, USA

See Similar Deals
Single Family Residence11,460 SF
Sold 10/07/2020
Lourdes Alatriste
Keith Menin
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,483
Total Square Footage:11,460 SF
Transaction Type:Sale

Evelyn Menin, Lourdes Alatriste, Cher, and Keith Menin collaborated on the purchase of a Single Family Residential (SFR) property in Miami Beach. This sale took place on October 7, 2020, at 64 La Gorce Circle. The property boasts a total area of 11,460 square feet, with a price per square foot of $1,483. The transaction was valued at $17,000,000.

Summary of transaction details:

  • Property Type: Single Family Residential (SFR)
  • Transaction Amount: $17,000,000
  • Date: October 7, 2020
  • Address: 64 La Gorce Circle, Miami Beach
  • Market: Miami Beach
  • Buyer: Evelyn Menin and Keith Menin - Menin Hospitality
  • Seller: Jonathan Chogui
  • Broker: Lourdes Alatriste - Douglas Elliman
  • Square Footage: 11,460
  • Price per Square Foot: $1,483

Evelyn Menin and Keith Menin, representing Menin Hospitality, were the buyers in this transaction. The seller was Jonathan Chogui. Assisting in the deal was Lourdes Alatriste from Douglas Elliman as the broker.

Players

Lourdes Alatriste
Douglas Elliman
Lourdes Alatriste
38 deals$535.9M volume(305) 926-5322
BROKER
Keith Menin
Keith Menin
11 deals$127.1M volume
BUYER
MH
Menin Hospitality
BUYER

Details

SOLD
IMAGE: Evelyn Menin, Lourdes Alatriste, Cher, & Keith Menin DATE: 10/07/2020 ADDRESS: 64 La Gorce Circle MARKET: Miami Beach ASSET TYPE: SFR BUYER: Evelyn Menin & Keith Menin - Menin Hospitality SELLER: Jonathan Chogui BROKER: Lourdes Alatriste - Douglas Elliman PRICE: $17,000,000 SF: 11,460 ~ PPSF: $1,483

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$906,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08