Updated Jul 7, 2026
Damarys Corso Sells Multifamily School Portfolio In Miami Beach For $19M With Ren Cummins As Rep
1021 Biarritz Drive
$19,000,000
$548/SF
Building Size
34,629 SF
Asset Type
Development Site
Closing
Jun 12, 2026
About this deal
AI
The property asset involved in the transaction includes a multifamily and school asset located at 1021 Biarritz Drive, 6915 Rue Versailles, 997 Biarritz Drive & 6946 Rue Vendome, Miami Beach, FL 33141. The transaction was finalized at a sale price of $19,000,000, encompassing a total square footage of 16,779 and a land area of 46,150 square feet within the Miami Beach market.
Summary of transaction details:
- Property Type: Multifamily/School
- Transaction Amount: $19,000,000
- Seller: Damarys Corso
- Seller's Representative: Ren Cummins - Leoni Real Estate Corporation
- Market: Miami Beach
- Total Square Footage: 16,779
- Land Square Footage: 46,150
Ren Cummins of Leoni Real Estate Corporation represented the seller, Damarys Corso, in this transaction. The deal was completed on June 13, 2026, involving multiple addresses within Miami Beach.
On the Map
$19,000,000
$548/SF
Development Site
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Market Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93