Updated Sep 24, 2025
Ari Rubenstein Of GTS Purchases Waterfront Home From George Burguillos For $15 Million In Miami Beach
112 Palm Avenue
$15,000,000
$2,884/SF
Building Size
5,200 SF
Asset Type
Single Family
Closing
Sep 23, 2025
About this deal
AI
Ari Rubenstein acquired a single-family residence located at 112 Palm Avenue, Miami Beach, for $15,000,000. The property encompasses 5,200 square feet and is set on 0.7 acres within a waterfront area of Palm Island.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,000,000
- Address: 112 Palm Avenue
- Market: Miami Beach
- Asset Size: 5,200 SF
- Price Per Square Foot: $2,885
- Buyer: Zaily Rubenstein
- Buyer's Representative: Ari Rubenstein - GTS (Global Trading Systems)
- Seller: George Burguillos - PL Holdings
In this transaction, Ari Rubenstein, the founder of the financial services firm GTS, acquired the property off-market from George Burguillos of PL Holdings. The acquisition was facilitated through an $8.3 million mortgage, contributing to a notable series of high-value sales on Palm Island this year.
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $2.9K per square foot on a published $15M for 5,200 square feet (2025).
Visit GTS (Global Trading Systems) to view all their deals.
Browse Miami Beach single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93