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Adam Weitsman Sells Jade Signature Penthouse In Sunny Isles Beach For $28.64M Represented By Chad Carroll

Property Image
SOLD
$28,641,500

Florida

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Condo11,661 SF
Sold 05/09/2025
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Property Image
SOLD

Adam Weitsman Sells Jade Signature Penthouse In Sunny Isles Beach For $28.64M Represented By Chad Carroll

16901 Collins Avenue

See Similar Deals
Condo11,661 SF
Sold 05/09/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,456
Total Square Footage:11,661 SF
Transaction Type:Sale

A two-story penthouse located at 16901 Collins Avenue PH 5603 in Sunny Isles Beach is involved in this transaction. The condo was sold for $28,641,500, with a total area of 11,661 square feet, resulting in a price per square foot of $24,562.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $28,641,500
  • Address: 16901 Collins Avenue PH 5603
  • Market: Sunny Isles Beach
  • Square Footage: 11,661
  • Price per Square Foot: $24,562
  • Seller: Adam Weitsman - Upstate Shredding Weitsman Recycling
  • Broker: Chad Carroll - Compass

Adam Weitsman sold the penthouse after acquiring it in 2022 for $23.5 million. Chad Carroll of Compass represented both the seller and the buyer in this transaction.

Players

Chad Carroll
Compass
Chad Carroll
84 deals$1.7B volume(305) 400-9507
BROKER

Details

SOLD
IMAGE: Adam Weitsman & Chad Carroll DATE: 05/09/2025 ADDRESS: 16901 Collins Avenue PH 5603 MARKET: Sunny Isles Beach ASSET TYPE: Condo SELLER: Adam Weitsman - Upstate Shredding Weitsman Recycling BROKER: Chad Carroll (@ChadCarroll) - Compass (@Compass) SALE PRICE: $28,641,500 SF: 11,661 ~ PPSF: $24,562 NOTE: Billionaire Adam Weitsman sold his two-story penthouse at Jade Signature in Sunny Isles Beach for $28.64M, after buying it in 2022 for $23.5M. The 11,600 SF unit with ocean views, private pool, and wraparound balconies was listed and sold by Chad Carroll of Compass, who also represented the buyer.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$1,527,546.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$101,757.19
Cash-on-Cash Return-1.27%
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