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
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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