The founder and co-owner of clothing brand Theory has purchased a condo at the Setai in Miami Beach, setting a new record in price paid per square foot for a non-penthouse unit, exMiami reported, citing broker Kevin Tomlinson.
Andrew Rosen purchased the three-bedroom, 2,521-square-foot unit for $8.6 million or $3,411 per square foot, Tomlinson said, adding that another record sale at the building could take place this week.
The sale represents a 74 percent premium over the median price per square foot paid for the building in the year ended April 30, according to a recent analysis by Douglas Elliman broker Arno de Vos.
The property was last sold in May 2012 for $6.75 million to New York developer The LeFrak Organization.
It’s hard enough to spend 9-12 hours at the office, worse still if you start and end your work day with a one-hour drive or longer. - condo sale
ReplyDeleteWow, that's expensive, he deserves to have this kind of house. After his hardwork, he needs to have a house he dreaming of. I hope I can one of fort global condos.:D
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