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

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.