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101 20th Street

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

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:

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

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker

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