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1018 Jefferson Avenue

Alex Gonzalez Acquires Hotel In Miami Beach From Stormfield Capital For $1.8M
SOLDHotel

Alex Gonzalez Acquires Hotel In Miami Beach From Stormfield Capital For $1.8M

1018 Jefferson Avenue

$1,800,000

$383/SF

Building Size

4,689 SF

Asset Type

Hotel

Closing

Jul 20, 2026

AI

The property involved in this transaction is a hotel located at 1018 Jefferson Avenue, Miami Beach. The asset encompasses a total square footage of 4,689. The sale was completed for a total price of $1,800,000, which translates to a price per square foot of $383.

Summary of transaction details:

The transaction was facilitated by brokers George Belesis and Rayza Perez, who represent DWNTWN Realty Advisors. The buyer, Alex Gonzalez, acquired the property from Stormfield Capital, which operates as a bank. This transaction highlights the involved parties in the deal without reiterating previously mentioned details regarding the property itself.

Players

George Belesis

DWNTWN Realty Advisors

Broker

$74.7M

vol

19 deals

Broker

Alex Gonzalez

Buyer

$11M

vol

4 deals

Buyer
Stormfield Capital
Stormfield CapitalSeller

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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93