Updated Dec 4, 2024
Sells Single Family Home At 16 Lagorce Circle For $22.125M
16 Lagorce Circle
$22,125,000
$2,968/SF
Building Size
7,453 SF
Asset Type
Single Family Residence
Closing
Oct 25, 2024
About this deal
AI
The property asset involved in this transaction is a single-family residence located at 16 Lagorce Circle in the Miami Beach market. The sale price of the property was $22,125,000, with a total square footage of 7,453 and a price per square foot of $2,968.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $22,125,000
- Address: 16 Lagorce Circle
- Market: Miami Beach
- Square Footage: 7,453
- Price per Square Foot: $2,968
- Seller:
- Buyer's Representative: Evan Weiss - 305 Degrees Realty
- Seller's Representative: Daniel Hertzberg - Coldwell Banker
- Loan Broker: Jeremy Ruccio - Ruccio Group at RBC Private Wealth
The key individuals involved in this transaction include Evan Weiss representing the buyer, and Daniel Hertzberg representing the seller. The loan broker for the transaction was Jeremy Ruccio, who is associated with Ruccio Group at RBC Private Wealth.
On the Map
$22,125,000
$2,968/SF
Single Family Residence
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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
0.72%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93