Matthew Tempia, Jason Merrell, Adam Ibrahim, Jeffery Mathews, Damon Vann & Blake Miaoulis Acquire Miami Hotel From PMG Development For $2,445,000
200 Northeast 11th Street, Miami, FL, USA
$2,445,000
$2,263/SF
Building Size
1,080 SF
Asset Type
Hotel
Closing
Mar 23, 2020
AI
The hotel located at 200 NE 11 Street in Miami has been sold in a recent transaction. The sale took place on March 23, 2021. The asset type of the property is a hotel. The property was sold by PMG Development.
Summary of Transation Details
- Property Type: Hotel
- Transaction Amount: $2,445,000
- Date: 03/23/2021
- Address: 200 NE 11 Street, Miami
The buyers of the property are Matthew Tempia, Jason Merrell, Adam Ibrahim, Jeffery Mathews, Damon Vann, and Blake Miaoulis. The transaction was facilitated by broker Jacqueline Pirkle.
Players
Miami 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
6.49%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93