OKO Group, Cain International Close $17.9M Una Penthouse
A trust closed on one of Una's two tri-level penthouses, a hard comp for where Brickell ultra-luxury pricing sits as the tower's closings pile up.
A trust paid $17.9 million for a 6,200-square-foot penthouse at Una Residences in Brickell, according to Miami-Dade property records reported by The Real Deal. The deal, at 175 SE 25th Road, pencils out to $2,700 per square foot and closes one of the two tri-level penthouses developer OKO Group, led by Vlad Doronin, and Cain International, led by Jonathan Goldstein, built atop the 47-story tower.
Why it matters
Cain International is on The American Developer’s watchlist, and a closed deed beats an asking price every time: this is a real, dated comp for what Brickell’s ultra-luxury tier is actually clearing, not what a listing claims it will. Una was the first new waterfront condo tower to deliver in Brickell in more than a decade, and OKO and Cain have leaned on that scarcity to hold penthouse pricing near $18 million even as the rest of the building’s units trade in the single digits. The buyer’s identity was not disclosed. Track further closings and pricing shifts on the South Florida market hub.
The numbers
The penthouse sold for $17.9 million, or $2,700 per square foot on its 6,200 square feet of interior space. That beats the price per square foot on Una’s other tri-level penthouse, a 7,084-square-foot unit that sold in 2022 for $17.75 million, or $2,506 per square foot, a price that set the Brickell submarket record at the time. As of an April Real Deal analysis of county deed filings, Una had logged 50 closed deeds for a combined $172 million in dollar volume, with remaining non-penthouse units ranging from $6.2 million to $10.8 million. OKO paid $48 million for the roughly one-acre site in 2015, and the developers financed construction with a $128.3 million loan from Bank OZK in 2021.
What’s next
Una secured its temporary certificate of occupancy in February and has been over 90 percent presold, so more closings are working through Miami-Dade’s deed records as buyers who signed years ago during preconstruction finally take title. The open question for brokers pricing the next Brickell tower is whether a still-unclosed unit or a future project tops $2,700 a foot, the new mark this penthouse just set for the building.