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19051 Collins Avenue

Jon Paul Pérez Gil Dezer And Isaac Toledano Acquire Development Site In Sunny Isles Beach For $131M
SOLDDevelopment Site

Jon Paul Pérez Gil Dezer And Isaac Toledano Acquire Development Site In Sunny Isles Beach For $131M

19051 Collins Avenue

$131,000,000

$1,668/SF

Building Size

78,508 SF

Asset Type

Development Site

Closing

Jun 29, 2025

AI

The development site located at 19051 Collins Avenue in Sunny Isles Beach has been sold for $131,000,000. The property encompasses 78,508 square feet, translating to a price per square foot of $1,668.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $131,000,000
  • Address: 19051 Collins Avenue
  • Market: Sunny Isles Beach
  • Square Footage: 78,508
  • Price per Square Foot: $1,668
  • Buyer: Jon Paul Pérez - Related Development Group, Gil Dezer - Dezer Development, Isaac Toledano - BH Development
  • Seller: Miami Beach Club (108 Condominium Owners)
  • Broker: Greg Greer - CRR of South Florida LLC

The transaction was facilitated by Greg Greer, representing the broker company CRR of South Florida LLC. The Greer Team specializes in the management of land assemblage and condominium buyout, providing expertise in navigating complex real estate transactions.

Players

Greg Greer PA

CRR of South Florida

Broker

$139M

vol

3 deals

Broker
Charles Rutenberg Realty
Charles Rutenberg RealtyBrokerage
Jon Paul Pérez

Jon Paul Pérez

Buyer

$3B

vol

32 deals

Buyer

Sunny Isles Beach Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93