Published On: Tue, Apr 17th, 2018

Alex Sapir Paid $17 Million for Venetian Islands Home

Alex Sapir and 8 West Rivo Alto Drive

 

Israeli developer (ASRR Capital) Alex Sapir, head of the Sapir Organization, is the anonymous buyer of the $17 million Venetian Islands home that sold in March, sources told The Real Deal.

Property records show the Rosales trust, based in the British island of Jersey, purchased the waterfront house at 8 West Rivo Alto Drive. The deal marks the second-highest sale on the Venetians, after the $22 million sale of the mansion at 212 West Dilido Drive, which closed in February 2017.

The house has five-bedroom, 7,100-square-foot house for about $2,400 per square foot. The seller is Ken Rosen, the founder, and CEO of Infinity Sales Group, a telecommunications and broadband services company based in Boca Raton.

 

Sapir Organization founded by Tamir Sapir, Alex’s father, has sold in 2015 the 11 Madison Avenue for nearly $2.6 billion.

Alex Sapir’s ASRR Capital is behind a luxury condo development in Surfside and a mixed-use project in Miami’s Arts & Entertainment District. According to The Real Deal Alex Sapir sold out in August, ASRR’s former CEO Danny Avidan shares as well as Rotem Rosen, who left with a $70 million paycheck.

Alex Sapir

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