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11295 Biscayne Boulevard

Jason Berkowitz Acquires Miami Bayfront Multifamily Complex For $151 Million From David Larson And Others
SOLDMultiFamily

Jason Berkowitz Acquires Miami Bayfront Multifamily Complex For $151 Million From David Larson And Others

11295 Biscayne Boulevard

$151,000,000

$174/SF

Building Size

865,979 SF

Asset Type

MultiFamily

Closing

May 5, 2026

AI

The multifamily asset located at 11295 Biscayne Boulevard in Miami was sold for $151,000,000. The property encompasses 865,979 square feet with a total of 380 units, reflecting a price per unit of $397,368 and a price per square foot of $174. Positioned on 8.4 acres of waterfront property, it represents one of the most significant multifamily transactions in Miami for the year 2026.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $151,000,000
  • Units: 380
  • Square Footage: 865,979
  • Price Per Unit: $397,368
  • Price Per Square Foot: $174
  • Buyer: Jason Berkowitz
  • Seller: David Larson, Nelson Stabile, Paolo Melo, Victor Ballestas, Cory Yeffet, and Andrew Korge
  • Brokers: Robert Given and Troy Ballard - CBRE

This transaction was facilitated by a joint venture between Integra, DCL Capital represented by David Larson, and Korgeous Development represented by Andrew Korge. The sale of this bayfront rental complex is highlighted as a major deal in the Miami multifamily market for 2026.

Players

Robert Given

CBRE

Broker

$4.2B

vol

44 deals

Broker
Jason Berkowitz

Jason Berkowitz

Buyer

$356.5M

vol

5 deals

Buyer
David Larson

David Larson

Seller

$501.5M

vol

8 deals

Seller
IC
Integral CommunitiesSeller

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93