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1321 Biarritz Drive

Petite Montessori Sells Multifamily/School Asset In Miami Beach For $19 Million With Todd Leoni & Molli Leoni As Seller's Representatives
SOLDPackage Deal

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

Michael Shkreli

RTL Real Estate

Broker

$19M

vol

6 deals

Broker
LC
Leoni Real Estate CorporationBrokerage

Market Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

Loading comparables…

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