A North Miami Beach gentlemen’s club known for its strippers’ flamboyant acrobatic performances and staged boxing matches has quietly sold to a mysterious New York venture, the Daily Business Review has learned.
King of Diamonds, a gentlemen’s club at 17800 NE 5th Ave. that caters largely to a male African-American clientele, sold for at least $6 million to New York-based KODRENYC LLC. The $6 million represents the price paid for the real estate at that site, a 60,622-square-foot box on a 4.75-acre triangle that’s jammed between an I-95 overpass and the Amtrak railroad. The going concern that runs the club was sold for an undisclosed sum to a different entity, Ak “n” Eli LLC, a person close to the transaction told DBR.
