The Real Deal Miami

Miami Beach strip club bought by NYC buyer

King of Diamonds goes for roughly $6M
August 05, 2014 03:45PM

1780 State Road 9

1780 NE 5th Avenue

A North Miami Beach strip club, known for lascivious acrobatics and risque boxing matches, has quietly been sold to a New York interest.

King of Diamonds, located at 17800 NE 5th Avenue, was purchased for roughly $6 million by New York-based KODRENYC LLC, according tot the Daily Business Review.

The property features a 60,622-square-foot structure on a 4.75-acre triangle located between an I-95 overpass and the Amtrak railroad. The company that owned the club was also sold for an undisclosed sum to a different entity dubbed, Ak “n” Eli LLC.

Both Ak “n” Eli and KODRENYC are managed by New York developer Elliott “Eli” Kunstlinger and financial services adviser Akiva “Ak” Feinsod, according to the Business Review. [DBR] Christopher Cameron