Petite Montessori Sells Multifamily/School Asset In Miami Beach For $19 Million With Todd Leoni & Molli Leoni As Seller's Representatives
1321 Biarritz Drive
$19,000,000
$1,187/SF
Building Size
16,000 SF
Asset Type
Package Deal
Closing
Jun 11, 2026
AI
The transaction involves a multifamily/school asset located at multiple addresses: 1021 Biarritz Drive, 6915 Rue Versailles, 997 Biarritz Drive, and 6946 Rue Vendome in the Miami Beach market. The sale price for the property was $19,000,000, which encompasses a building size of 16,779 square feet and sits on a land area of 46,150 square feet.
Summary of transaction details:
- Property Type: Multifamily/School
- Transaction Amount: $19,000,000
- Square Footage: 16,779 SF
- Land Square Footage: 46,150 SF
- Address: 1021 Biarritz Drive, 6915 Rue Versailles, 997 Biarritz Drive & 6946 Rue Vendome
- Market: Miami Beach
- Seller: Petite Montessori
- Buyer’s Representatives: Ross Burack & Michael Shkreli
- Seller’s Representatives: Todd Leoni & Molli Leoni - Leoni Real Estate Corporation
The deal was represented for the seller by Todd Leoni and Molli Leoni, who are associated with Leoni Real Estate Corporation. Ross Burack and Michael Shkreli represented the buyer in this transaction.
Players
Market Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93