Good Night Inn, Suite Baymeadow 770 LLC, & Yuval Fishman Acquires Hotel In Miami Gardens For $6M
16805 Northwest 12th Avenue, Miami, FL, USA
$6,000,000
$96/SF
Building Size
61,939 SF
Asset Type
Hotel
Closing
Dec 9, 2020
About this deal
AI
The hotel located at 16805 Northwest 12th Avenue in Miami Gardens has been sold for a price of $6,000,000. The property consists of 103 units, with a per unit price of $58,252. The transaction took place on December 10, 2020.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $6,000,000
- Address: 16805 Northwest 12th Avenue
- Market: Miami Gardens
- Buyer: Good Night Inn, Suite Baymeadow 770 LLC, & Yuval Fishman
- Seller: Francisco Martinez Celeiro & Francisco Martinez-Miyashiki
- Broker: Ahmed Kabani - Marcus & Millichap
- Number of Units: 103
- Price per Unit: $58,252
Ahmed Kabani from Marcus & Millichap represented the buyer, Good Night Inn, Suite Baymeadow 770 LLC, & Yuval Fishman, in this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93