Igor Levin Acquires Hotel On Collins Ave In North Miami Beach For $2.15M
17875 Collins Avenue, North Miami Beach, Florida 33160, United States
$2,150,000
$971/SF
Building Size
2,214 SF
Asset Type
Hotel
Closing
Oct 12, 2022
About this deal
AI
The hotel/motel/hostel/B&B located at 17875 Collins Ave in North Miami Beach, FL was sold on October 13, 2022. The property spans 2,214 square feet and was sold for a price of $2,150,000, resulting in a price per square foot of $971.
Summary of transaction details
- Property Type: Hotel/Motel/Hostel/B&B
- Transaction Amount: $2,150,000
- Address: 17875 Collins Ave, North Miami Beach, FL
- Square Footage: 2,214
- Buyer: Igor Levin
- Seller: Sergey Genkin & Diana Levina
- Price per Square Foot: $971
Igor Levin was the buyer in this transaction, while Sergey Genkin and Diana Levina were the sellers.
Players
Miami Beach 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93