Roberto Quiroz & Marko Gojanovic Of MRLuxuryGroup Facilitate $35M Sale Of Development Site In Miami Beach
2131 Lake Avenue
$35,000,000
$1,682/SF
Building Size
20,800 SF
Asset Type
Development Site
Closing
Jun 14, 2026
AI
The property involved in this transaction is a development site located at 2131 Lake Avenue, Miami Beach. It was sold for a price of $35,000,000 and spans approximately 20,800 square feet, resulting in a price per square foot of $1,682.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $35,000,000
- Market: Miami Beach
- Square Footage: 20,800
- Price Per Square Foot: $1,682
- Brokers: Roberto Quiroz & Marko Gojanovic with @MRLuxuryGroup at ONE Sotheby's International Realty
Roberto Quiroz and Marko Gojanovic represented the seller in this transaction, showcasing their expertise in the luxury real estate market as part of their collaboration with ONE Sotheby's International Realty.
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93