A $33 Million Cash Penthouse Sale Gives Miami’s Condo Market a Jolt

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A three-floor penthouse at a new boutique building in Miami has sold for $33 million in cash, marking a major sale for the city’s struggling condo market

, one of the developers, confirmed the deal but declined to comment on the identity of the buyer, saying only that he is a private equity executive from New York. The purchaser acquired the unit fully furnished, he said.

South Florida has seen an influx of purchasers from the Northeast over the past year as the pandemic sent people south in search of and more space. However, most of those deals were focused on the single-family market, while condos lingered. Mr. Sapir said he believes his building is the exception because it has only 16 units.The penthouse apartment spans the top three floors of a building called Arte, designed by Italian architect Antonio Citterio. The building is shaped like a pyramid, with setbacks leading up to a narrow top and large terrazzo terraces; Mr. Sapir described the style as “Italian zen.

 

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Who has $33 million in cash to buy a condo. Obscene.

Laundering Russian rubles again?

building look be a $ 10 million to building at best ,,see what print look like

lol what leftist's scam Miami FL is and other Lib leftist cities Ave cost sqf in most America to build for mid-grade with up grade finish is $ 175 sq foot or less last one i did $ 850 sq foot in Miami starter home range about $ 125 sq foot Ranges in commercial about same

That works out at $11,000,000 per inch of compensation cost.

But who’s the buyer? A drug lord?

Jesus, you fuckers really got your fingers on the pulse of the nation....

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Signs of growth. The day you start valuing... - love over lust - family over work - time over money - health over productivity - trust over manipulation - kindness over being right - self-reflecting over arguing - freedom over being validated - understanding over impressing

horrible

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