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6300 North Bay Road

Philippe Harari Of AquaBlue Group Purchases Land In Miami Beach From 6300 NBR LLC For $17.5M
SOLDLand

Philippe Harari Of AquaBlue Group Purchases Land In Miami Beach From 6300 NBR LLC For $17.5M

6300 North Bay Road

$17,500,000

Building Size

Asset Type

Land

Closing

Mar 20, 2025

AI

The asset involved in this transaction is a land property located at 6300 North Bay Road in Miami Beach. It was sold for a total transaction amount of $17,500,000.00.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $17,500,000.00
  • Address: 6300 North Bay Road
  • Market: Miami Beach
  • Buyer: Philippe Harari - AquaBlue Group
  • Seller: 6300 NBR LLC
  • Brokers: Michael (Mick) Duchon - The Corcoran Group, Eloy Carmenate - The Corcoran Group

This transaction saw Philippe Harari representing AquaBlue Group as the buyer, while 6300 NBR LLC acted as the seller. The brokerage was represented by Michael (Mick) Duchon and Eloy Carmenate, both from The Corcoran Group.

Players

Eloy Carmenate

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker

Philippe Harari

Buyer

$82.3M

vol

4 deals

Buyer

Miami Beach Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93