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
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93