Silvia Coltrane And Partners Acquire Miami Beach Development Site For $18M

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.