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851 Northeast 1st Avenue

David Burstyn Of Winston Capital Management Provides $25M Refinance Loan For Dan Kodsi's Property
FINANCEDPackage Deal

David Burstyn Of Winston Capital Management Provides $25M Refinance Loan For Dan Kodsi's Property

851 Northeast 1st Avenue

$25,000,000

$664/SF

Building Size

37,604 SF

Asset Type

Package Deal

Closing

Dec 30, 2025

AI

The asset involved in this transaction is a package deal located at 851 Northeast 1st Avenue, Miami, encompassing a total square footage of 37,604. The loan amount associated with this property is $25,000,000, categorized as a refinance loan with a term of 1 year.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $25,000,000
  • Lender: David Burstyn - Winston Capital Management
  • Landlord: Dan Kodsi
  • Broker: Howard Taft - Aztec Group
  • Loan Type: Refinance
  • Loan Terms: 1 year

This transaction features David Burstyn, representing Winston Capital Management, which funded the condo inventory loan to an entity controlled by Dan Kodsi of Royal Palm Partners. Inquiries related to real estate investment loans can be directed to 305-507-7479.

Players

Howard Taft

Aztec Group

Broker

$223.7M

vol

7 deals

Broker
Aztec Group
Aztec GroupBrokerage
David Burstyn

David Burstyn

Winston Capital Management

Lender

$694.4M

vol

37 deals

Lender
Winston Capital Management
Winston Capital ManagementLender

Dan Kodsi

Landlord

$1B

vol

13 deals

Landlord

Miami Package Deal Market Snapshot

Boundary boundary · Package Deal · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93