SOLD
Eli Dadon & Investors Sell Miami Beach Hotel For $27M With Broker Orine Dadon Of Adar Investments & Management LLC
2618 Collins Avenue
Hotel
47,585 SF
47,585 SF
Sold 181 days ago
Summary
Sale
FLORIDA
Hotel
47,585 sqft
The historic landmark hotel located at 2618 Collins Avenue in Miami Beach has been sold in a closed transaction. The property, comprising 88 units and spanning 47,585 square feet, was listed for an asking price of $27,000,000. The sale was successfully completed at the full asking price of $27,000,000, resulting in a price per unit of $306,818 and a price per square foot of $567.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $27,000,000
- Units: 88
- Price per Unit: $306,818
- Square Footage: 47,585
- Price per Square Foot: $567
This notable transaction was facilitated by Orine Dadon of Adar Investments & Management LLC acting as the broker. Eli Dadon and his investors, represented by 2618 Collins Capital Holdings, served as the sellers in the deal. Adar Investments & Management successfully secured the full asking price, and the project includes plans and permits for a breathtaking renovation that is set to commence shortly.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Orine Dadon & Eli Dadon
DATE: 11/03/2023
ADDRESS: 2618 Collins Avenue
MARKET: Miami Beach
ASSET TYPE: Hotel
SELLER: Eli Dadon (@EliD1836) & his investors- 2618 Collins Capital Holdings
BROKER: Orine Dadon (@Orinevanunu) - Adar Investments & Management LLC (@AdarInvestments)
ASKING PRICE: $27,000,000
SALE PRICE: $27,000,000
UNITS: 88 ~ PPU: $306,818
SF: 47,585 ~ PPSF: $567
NOTE FROM BROKER: Adar Investments & Management successfully represented both parties in the sale of this historic landmark hotel, securing the full asking price. The project involves plans and permits for a breathtaking renovation, and construction is set to commence shortly.View on map
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Address2618 Collins Avenue
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