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
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