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AB Asset Management Acquires Hotel In Coconut Grove For $31M

2835 Tigertail Avenue
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This Hotel property located in FL was sold for $31,000,000 about 3 years ago. The brokers of the deal were Brian de la Fe, David Duckworth, Berkley Bloodworth, Michael Fay, John Crotty, and Emily Brais

The sale of a hotel located at 2835 Tigertail Avenue in Coconut Grove has been completed. The property, spanning 2 acres, was sold for a total price of $31,000,000. The transaction involved a total of 140 units, resulting in a per unit price of $221,429. The buyer of the hotel is AB Asset Management, represented by Getzy Fellig and Sam Zalmanov. The seller of the property is Hersha Hospitality Trust, represented by Jay Shah.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $31,000,000
  • Units: 140
  • Price Per Unit: $221,429
  • Acres: 2

The transaction was facilitated by a team of brokers from Avison Young's J. The team included John K. Crotty, Michael T. Fay, David Duckworth, Brian C. de la Fé, Emily Brais, and Berkley Bloodworth. Their expertise and efforts contributed to the successful completion of the sale.

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Deals
  • Location
    2835 Tigertail Avenue, Northeast Coconut Grove, Miami, FL, USA2835 Tigertail Avenue, Northeast Coconut Grove, Miami, FL, USA
  • Sale Price
    $31,000,000$31,000,000
    $361 PPSF$361 PPSF
  • Area
    85,688 SF85,688 SF
  • Asset Type
    HotelHotel
  • Parties
    6 Brokers, 1 Agency6 Brokers, 1 Agency

Agents

Michael Fay

Michael Fay

Deals38
Sold$1.1B

John Crotty

John Crotty

Deals39
Sold$1.1B

Emily Brais

Emily Brais

Deals8
Sold$97.1M

David Duckworth

David Duckworth

Deals34
Sold$826.7M

Brian de la Fe

Brian de la Fe

Deals34
Sold$930.4M

Agency

Avison Young

Avison Young

Agency
Deals808
Volume$17B

Social

Deal Summary

SALE IMAGE: David Duckworth, John K. Crotty, Michael T. Fay, Emily Brais, Jay Shah, Brian C. de la Fé, Sam Zalmanov & Getzy fellig DATE: 03/12/2021 ADDRESS: 2835 Tigertail Avenue MARKET: Coconut Grove ASSET TYPE: Hotel BUYER: AB Asset Management - Getzy Fellig & Sam Zalmanov SELLER: Hersha Hospitality Trust - Jay Shah BROKERS: John K. Crotty, Michael T. Fay, David Duckworth, Brian C. de la Fé, Emily Brais & Berkley Bloodworth - Avison Young’s J PRICE: $31,000,000 UNITS: 140 ~ PPU: $221,429 ACRES: 2 ~ PPA: $15,500,000

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2835 Tigertail Avenue

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