Bobby Julien And Isaac Toledano Acquire 19 Units At Port Royale Condominium For $7.08M
6969 Collins Avenue
$7,080,000
Units
19
Asset Type
Condo
Closing
Jul 13, 2026
About this deal
AI
A total of 19 units at the Port Royale Condominium, a 171-unit property located at 6969 Collins Avenue, Miami Beach, FL, have been sold for $7,080,000. The price per unit comes to approximately $372,632. The transactions are part of a larger assemblage aimed at luxury condominium redevelopment in the area.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,080,000
- Buyer: Bobby Julien - Kolter Group
- Buyer: Isaac Toledano - BH Group
- Units Acquired: 19
- Market: Miami Beach, FL
The acquisition represents a significant strategy by Kolter Group and BH Group as they expand their property portfolio in Miami Beach. This move is indicative of a growing trend among developers focused on redeveloping older coastal buildings in response to increasing ownership costs and the demand for beachfront properties.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $372.6K per unit across 19 units on a published $7.1M (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.24%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93