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
About this deal
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.
The hotel sale at 7337 Harding Avenue in Miami Beach, Florida sold for $3M in 2024. The building is 7,500 square feet, implying about 400 per square foot on the published price. Vincent (Vince) Spadea, Douglas Elliman appear on the sale alongside Douglas Elliman. This page is the Miami Beach, Florida file for the 7337 Harding Avenue hotel sold: pricing, party profiles, and other closed hotel comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach hotel set by closing date to see what else sold near 7337 Harding Avenue around 2024. Published consideration for 7337 Harding Avenue is $3M, dated 2024. Cite this Vincent Spadea Of Douglas Elliman Sells Miami Beach Hotel For $3.65M As Seller's Rep sale when underwriting similar hotel product around Miami Beach, Florida.
Miami Beach Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Visit Vincent (Vince) Spadea to view all their deals.
Browse Miami Beach hotel sales on Traded.
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