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South Beach Hostel Sold for $8.28M

SoBe Hostel sold for $8.28M

Mar 25, 2015, 11:53am EDT

Reporter- South Florida Business Journal
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SoBe Hostel was sold for $8.28 million, according to property records.

A company listed as owned by Jack Avid and Steven Oved, 235 Sobe Hospitality LLC, with a mailing address in New York bought the property at 235 Washington Ave. in Miami Beach this week.

The seller, South Beach Hostel LLC, is a company affiliated with Blue Road, based in Bay Harbour Islands.

The two-story, 8,933-square-foot building has 48 units with 38 available for guests, according to SoBe Hostel's website. It was previously sold in 2012 for $3 million.

The property was built in 1938.


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