Updated Oct 19, 2026
Silvia Coltrane And Partners Acquire Miami Beach Development Site For $18M
71st Street & Collins Avenue, Miami Beach, FL, USA
$18,000,000
$17,821/SF
Building Size
1,010 SF
Asset Type
Development Site
Closing
May 24, 2020
About this deal
AI
A development site located at 71st and Collins in Miami Beach has been sold for $18,000,000. The transaction took place on May 24, 2021. The buyer of the property is Silvia Coltrane and Partners, while the seller is Lion Financial. The deal was facilitated by Marilina Apfelbaum from MarilinaMiami and Samuel Heskiel from SammyBlueyes.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $18,000,000
- Address: 71st and Collins, Miami Beach
- Market: Miami Beach
- Buyer: Silvia Coltrane and Partners
- Seller: Lion Financial
- Brokers: Marilina Apfelbaum - MarilinaMiami, Samuel Heskiel - SammyBlueyes
The development site encompasses 200 units, resulting in a price per unit (PPU) of $90,000. This transaction indicates a significant investment in the Miami Beach market, reflecting ongoing development and growth in the area.
On the Map
$18,000,000
$17,821/SF
Development Site
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Players
Miami 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93