SOLDHotel
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
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.
Players
Bal Harbour Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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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