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102 24th Street

Joseph Brikman & Rebecca Fischer Of Real Broker Represents Buyer In Miami Beach Hotel Sale For $2.9M
SOLDHotel

Joseph Brikman & Rebecca Fischer Of Real Broker Represents Buyer In Miami Beach Hotel Sale For $2.9M

102 24th Street

$2,900,000

$2,582/SF

Building Size

1,123 SF

Asset Type

Hotel

Closing

Jun 26, 2025

AI

The asset involved in this transaction is a hotel located at 102 24th Street Unit 1045 in Miami Beach. The sale price is $2,900,000, and the property spans 1,123 square feet, resulting in a price per square foot of $2,582.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $2,900,000
  • Address: 102 24th Street Unit 1045
  • Market: Miami Beach
  • Seller: Herbert Barbosa Filho
  • Buyer's Representative: Joseph Brikman & Rebecca Fischer - Real Broker
  • Square Footage: 1,123
  • Price per Square Foot: $2,582

Joseph Brikman and Rebecca Fischer represent the buyers in this transaction through Real Broker. The Modern Day Team @ Real Brokerage has reported over $150,000,000 in closed and pended inventory since the beginning of 2025, reflecting their extensive activity in the real estate market.

Players

Joseph Brikman

Real Broker

Broker

$16.9M

vol

7 deals

Broker
Real Broker
Real BrokerBrokerage

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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93