Javier Granda & Iego D Lowenstein Acquire Miami Beach Hotel For $2.4M
10295 Collins Avenue, Miami, Florida 33154, United States
$2,400,000
$4,705/SF
Building Size
510 SF
Asset Type
Hotel
Closing
Oct 16, 2022
About this deal
AI
The property involved in this transaction is a Hotel/Motel/Hostel/B&B located at 10295 Collins Ave, Miami Beach, FL. It was sold on October 17, 2022.
Summary of transation details
- Property Type: Hotel/Motel/Hostel/B&B
- Transaction Amount: $2,400,000
- Square Footage: 510 SF
- Price per Square Foot: $4,705
- Buyer: Javier Granda & Iego D Lowenstein
- Seller: Stephen Martin
Javier Granda & Iego D Lowenstein purchased the property from Stephen Martin.
The hotel sale at 10295 Collins Avenue, Miami, Florida 33154, United States in Bal Harbour, Florida sold for $2.4M in 2022. The building is 510 square feet, implying about 4.7K per square foot on the published price. This page is the Bal Harbour, Florida file for the 10295 Collins Avenue, Miami, Florida 33154, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Bal Harbour sit in the Market section below. Filter that Bal Harbour hotel set by closing date to see what else sold near 10295 Collins Avenue, Miami, Florida 33154, United States around 2022. Published consideration for 10295 Collins Avenue, Miami, Florida 33154, United States is $2.4M, dated 2022. Cite this Javier Granda & Iego D Lowenstein Acquire Miami Beach Hotel For $2.4M sale when underwriting similar hotel product around Bal Harbour, Florida.
Players
Bal Harbour Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse Bal Harbour hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93