DJ David Guetta Sells Miami Beach Condo For $16 Million With Brokers Eloy Carmenate And Joshua Winarick
101 20th Street
$16,000,000
$6,346/SF
Building Size
2,521 SF
Asset Type
Hotel
Closing
Aug 30, 2024
AI
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:
- Property Type: Condo
- Transaction Amount: $16,000,000
- Square Footage: 2,521
- Price per Square Foot: $6,347
- Address: 2001 Collins Avenue
- Market: Miami Beach
- Seller: DJ David Guetta
- Broker Representatives: Eloy Carmenate, Joshua Winarick, Michael Duchon, and Michael Wiesenfeld - The Corcoran Group
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.
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Miami Beach Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93