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
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