SOLDHotel
Vincent Spadea Of Douglas Elliman Sells Miami Beach Hotel For $3.65M As Seller's Rep
7337 Harding Avenue
$3,000,000
$400/SF
Building Size
7,500 SF
Asset Type
Hotel
Closing
Feb 29, 2024
AI
The hotel located at 7337 Harding Avenue in Miami Beach was sold for $3,650,000. The property spans 7,500 square feet, resulting in a price per square foot of $487.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $3,650,000
- Address: 7337 Harding Avenue
- Market: Miami Beach
- Broker: Vincent Spadea - Douglas Elliman
Vincent Spadea of Douglas Elliman represented the parties involved in the sale of the hotel.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93