Danny Morgan Purchases Sky Penthouse In Miami From Property Markets Group For $3.7M
20 Northeast 11th Street
$3,700,000
$1,635/SF
Building Size
2,262 SF
Asset Type
Condo
Closing
Jul 1, 2026
About this deal
AI
The property involved in this transaction is a condo located at 20 Northeast 11th Street, Sky Penthouse, Miami. It sold for $3,700,000, with a total square footage of 2,262, resulting in a price per square foot of $1,635.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,700,000
- Square Footage: 2,262
- Price per Square Foot: $1,635
- Buyer: Danny Morgan
- Seller: Property Markets Group (PMG)
- Broker: Justin Knops - The Agency
Justin Knops represented the buyer, Danny Morgan, in this transaction, which featured the sale of Sky Penthouse 6001 at E11EVEN Hotel & Residences in Downtown Miami. The deal reflects a continuing trend of significant luxury transactions within the Miami market.
On the Map
$3,700,000
$1,635/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $3.7M for 2,262 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93