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64 Lagorce Circle, Miami Be...

Menin Hospitality Acquires Miami Beach SFR For $17M
SOLDSingle Family Residence

Menin Hospitality Acquires Miami Beach SFR For $17M

64 Lagorce Circle, Miami Beach, FL, USA

$17,000,000

$1,483/SF

Building Size

11,460 SF

Asset Type

Single Family Residence

Closing

Oct 6, 2020

AI

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

Broker

$535.9M

vol

38 deals

Broker
Keith Menin

Keith Menin

Menin Hospitality

Buyer

$154.1M

vol

12 deals

Buyer
MH
Menin HospitalityBuyer

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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93