facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Hotel

/

Sale

/

1420 Collins Ave

Jose Aguera Acquires Hotel In Miami Beach From Ronnie Manashe For $7.3M
SOLDHotel

Jose Aguera Acquires Hotel In Miami Beach From Ronnie Manashe For $7.3M

1420 Collins Ave

$7,300,000

$687/SF

Building Size

10,612 SF

Asset Type

Hotel

Closing

Jun 28, 2019

AI

The property at 1420 Collins Ave in Miami Beach is a hotel with a total square footage of 10,612. It was sold for a transaction amount of $7,300,000.00.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $7,300,000.00
  • Address: 1420 Collins Ave
  • Market: Miami Beach
  • Asset Size: 10,612 SF
  • Buyer: Jose Aguera
  • Seller: Ronnie Manashe

The transaction involved brokerage representation from Arthur Porosoff and David Cohen of Horvath & Tremblay, as well as Scott Sandelin from Marcus & Millichap, who facilitated the deal between the buyer and seller.

Players

Scott Sandelin

Marcus & Millichap

Broker

$300.2M

vol

30 deals

Broker

Jose Aguera

Buyer

$8.1M

vol

1 deal

Buyer

Ronnie Manashe

Seller
Seller

Miami Beach Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93