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Daniel Krizek Of Citadel Acquires Upper Penthouse In Miami Beach For $19.5M

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SOLD
$19,500,000

Florida

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Condo5,369 SF
Sold 04/08/2025
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SOLD

Daniel Krizek Of Citadel Acquires Upper Penthouse In Miami Beach For $19.5M

500 Alton Road

See Similar Deals
Condo5,369 SF
Sold 04/08/2025
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,632
Total Square Footage:5,369 SF
Transaction Type:Sale

A 5,369 SF penthouse located at 500 Alton Road (Upper Penthouse 2) in Miami Beach was sold for $19,500,000. This condo, part of Five Park, features a rooftop terrace and is significant as one of the building's most expensive sales. The asset is situated within Miami Beach's tallest tower, a 48-story development with a total of 227 units and 50,000 SF of amenities.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $19,500,000
  • Buyer: Daniel Krizek - Citadel
  • Seller: David Martin - Terra
  • Seller: Russell Galbut - GFO Investments
  • Square Footage: 5,369
  • Price Per Square Foot: $3,632

Daniel Krizek, who is known for his role as a biotech fund manager at Citadel’s Surveyor Capital, completed the purchase of the penthouse. The development itself was spearheaded by Russell Galbut and David Martin, highlighting their involvement in creating this prominent Miami Beach residence.

Players

Citadel
Citadel
BUYER
RG
Russell Galbut
20 deals$1.1B volume
SELLER

Details

SOLD
IMAGE: Daniel Krizek, David Martin & Russell Galbut DATE: 04/08/2025 ADDRESS: 500 Alton Road (Upper Penthouse 2) MARKET: Miami Beach ASSET TYPE: Condo BUYER: Daniel Krizek - Citadel (@Citadel) SELLER: David Martin (@DavidMartinTerra) - Terra (@TerraGroupMiami); Russell Galbut - GFO Investments SALE PRICE: $19,500,000 SF: 5,369 ~ PPSF: $3,632 NOTE: Daniel Krizek, a biotech fund manager at Citadel’s Surveyor Capital, bought a 5,369 SF penthouse with rooftop terrace at Five Park in Miami Beach for $19.5M, one of the building’s priciest sales. The 48-story tower, developed by Russell Galbut and David Martin, is Miami Beach’s tallest and features 227 units with 50,000 SF of amenities.

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