Nakash Family Acquires Miami Beach Hotel On Ocean Drive For $23.5M

The Nakash Family, represented by Salem Mounayyer, purchased a hotel located at 720 Ocean Drive in Miami Beach. The off-market transaction was facilitated by Shani Ben-Hanania and Samuel Heskiel from Beachfront Realty, who acted as both the buyer and seller representatives in the deal. The property spans 30,305 square feet and was sold for a price of $23,500,000, resulting in a price per square foot of $775.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $23,500,000
• Address: 720 Ocean Drive, Miami Beach
• Market: Miami Beach
• Buyer: Nakash Family - Salem Mounayyer
• Seller: Michael Palmer
• Brokers: Shani Ben-Hanania & Samuel Heskiel - Beachfront Realty
• Square Footage: 30,305
• Price per Square Foot: $775

Shani Ben-Hanania, with the assistance of Samuel Heskiel, successfully closed this off-market transaction. This marks Shani Ben-Hanania's 4th closing since joining Samuel Heskiel's Team 18 months ago. For those interested in joining a dynamic real estate brokerage team or gaining access to off-market deals, they can contact Samuel Heskiel at 786-451-4484.