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DJ David Guetta Sells Miami Beach Condo For $16 Million With Brokers Eloy Carmenate And Joshua Winarick

Property Image
SOLD
$16,000,000
Eloy Carmenate
Joshua Winarick
+ 1

Florida

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Hotel2,521 SF
Sold 08/30/2024
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Property Image
SOLD

DJ David Guetta Sells Miami Beach Condo For $16 Million With Brokers Eloy Carmenate And Joshua Winarick

101 20th Street

See Similar Deals
Hotel2,521 SF
Sold 08/30/2024
Eloy Carmenate
Joshua Winarick
+ 1
Contact now

Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$6,346
Total Square Footage:2,521 SF
Transaction Type:Sale

The property involved in this transaction is a condo located at 2001 Collins Avenue in Miami Beach. The unit spans 2,521 square feet and was sold for $16,000,000, achieving an impressive price per square foot of approximately $6,347. This off-market deal set a new record for the price per square foot in the area.

Summary of transaction details:

The transaction was facilitated by a team of brokers from The Corcoran Group, including Eloy Carmenate, Joshua Winarick, Michael Duchon, and Michael Wiesenfeld, who represented DJ David Guetta in the sale of his Miami Beach apartment.

Players

Eloy Carmenate
32 deals$584.2M volume(305) 582-7179
BROKER

Michael (Mick) Duchon
The Corcoran Group
36 deals$670.3M volume(732) 754-7535
BROKER

Joshua Winarick
The Corcoran Group
3 deals$26.8M volume(305) 915-4231
BROKER

Michael Wiesenfeld
The Corcoran Group
3 deals$29.2M volume(917) 774-9626
BROKER

Details

SOLD
IMAGE: Eloy Carmenate, Michael Wiesenfeld, DJ David Guetta, Joshua Winarick & Michael Duchon DATE: 08/30/2024 ADDRESS: 101 20th Street MARKET: Miami Beach ASSET TYPE: Condo BUYER'S REP: Eloy Carmenate (@Eloy_Carmenate), Joshua Winarick & Michael Duchon (@Mick_Duchon) - The Corcoran Group SELLER'S REP: Michael Wiesenfeld (@MichaelWiesenMIA) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $16,000,000 SF: 2,525 ~ PPSF: $6,337 NOTE: An entity associated David Guetta sold a Miami Beach apartment for $16 million in an off-market deal, setting a new record for price per square foot in the area. The 2,525-square-foot unit at the Setai Hotel and Residences fetched approximately $6,300 per square foot.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
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