Yossi Lipkin & Doron Malinasky Purchase Hotel In Miami Beach For $3.685M With Brokers Jordan Gimelstein & Max Sheff

The property asset involved in this transaction is a hotel located at 1233 Collins Avenue in the Miami Beach market. The sale price for this asset was $3,685,000, with a total area of 7,400 square feet, resulting in a price per square foot of $497. The property is also comprised of 4 keys, which are defined as units within the hotel, establishing a price per key of $921,250.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $3,685,000
• Address: 1233 Collins Avenue
• Market: Miami Beach
• Square Footage: 7,400
• Price Per Square Foot: $497
• Keys: 4
• Price Per Key: $921,250
• Buyer: Yossi Lipkin & Doron Malinasky
• Seller: Aleksandr Rudyak & Sean Cary
• Brokers: Jordan Gimelstein & Max Sheff - Inhouse Commercial; Richard Taylor - Corcoran

The deal was facilitated by brokers Jordan Gimelstein and Max Sheff, who represented the transaction through Inhouse Commercial, alongside Richard Taylor from Corcoran. The buyers, Yossi Lipkin and Doron Malinasky, acquired the asset from sellers Aleksandr Rudyak and Sean Cary, showcasing an active exchange within the Miami Beach hotel market.