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:
- Property Type: Hotel
- Transaction Amount: $1,800,000
- Address: 1018 Jefferson Avenue
- Market: Miami Beach
- Square Footage: 4,689
- Price per Square Foot: $383
- Buyer: Alex Gonzalez
- Seller: Stormfield Capital (Bank)
- Brokers: George Belesis & Rayza Perez - DWNTWN Realty Advisors
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
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