The Nakash Family Acquires Miami Beach Hotel For $6M
SOLD
$6,000,000
Florida
See Similar DealsHotel6,340 SF
Sold 04/28/2022
SOLD
The Nakash Family Acquires Miami Beach Hotel For $6M
1350 Collins Avenue, Miami Beach, Florida 33139, United States
See Similar DealsHotel6,340 SF
Sold 04/28/2022
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$946
Total Square Footage:6,340 SF
Transaction Type:Sale
The Nakash family has acquired a hotel property located at 1350 Collins Ave in Miami Beach. The transaction took place on April 28, 2022. The hotel, spanning an area of 6,340 square feet, was sold for $6,000,000, resulting in a price per square foot of $946. The property is situated in the Miami Beach market.
Summary of transaction details
- Property Type: Hotel
- Sale Price: $6,000,000
- Square Footage: 6,340
- Price per Square Foot: $946
- Address: 1350 Collins Ave, Miami Beach
The sale was facilitated by brokers Matthew Rotolante and Rodrigo Calderon from Lee & Associates South Florida.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
Is there something missing? Send suggestions