this is bankruptcy sale for the leasehold improvements of an irreplaceable historic masterpiece on miami beach. Current lease runs for 90 years at a cost of approximately $39,500 per month nnn. There are no financial or historical data provided by seller for this sale all offers must be submitted to the bankruptcy judge for final approval. Trophy 42-room art deco hotel with 5000 sq ft restaurant/bar and a court yard with a pool just steps from world-renowned ocean drive. Built in 1936, this historic 3 story boutique hotel is located at 956 washington avenue designed by t. Hunter henderson features 42 rooms, private pool and a courtyard, and the basement bar/speakeasy astor social club. Recently renovated after extensive upgrades, this gem offers new luxuriously appointed guestrooms and interior spaces, while maintaining its exquisite art-deco façade. Zoned cd-2 commercial, medium intensity district which allows all commercial uses; including hotels, apartments; hostels, and suite hotels and short term rentals. In an iconic beachfront location, which attracts millions of visitors each year.
INVESTMENT SUMMARY |The Astor Hotel
23,047 square feet
Average room size:
450 square feet
Hotel, apartment; hostel, short term rentals.
14,810 square feet
Year of construction:
Year of last renewal:
42-room Art Deco Trophy hotel with 5,000-square-foot restaurant
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing is courtesy of Clara Ines Fernandez P.A. • Nb Elite Realty.