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Donald Trump’s relatives sell Setai unit to Nakash family: $7 Million

Unit sold for nearly $1.5 million under asking price



A trust tied to the family of presidential candidate Donald Trump just sold its cozy Setai duplex for $7 million. But the celebrity involvement doesn’t end there.

The buyer is a Delaware limited liability company named after the units. Its New York address leads back to Jordache Enterprises clothing company, which is owned by the Nakash family. Brothers Ralph, Avi and Joseph Nakash founded Jordache in 1969 and propelled the company into global popularity with its lines of designer jeans. In recent years, the family’s tastes have switched to South Florida real estate: The Nakashes paid $90 million for the hotel portion of Miami Beach’s Setai last year, and they also bought the famed Versace Mansion in South Beach for $41.5 million in 2013.

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Read the full story at The Real Deal, by Sean Stewart-Muniz





When they started, the Nakash Brothers, Joe, Ralph and Avi, did not dream of becoming real estate moguls, the facts however speak More…



Nakash brothers, owners of jeans maker Jordache Enterprises Inc., acquired a 39.6 percent share capital and 45 percent of the voting rights in Jerusalem Economy Ltd., a Jerusalem-based developer of industrial More…

Setai Hotel in Miami Beach

The Nakash family, founders of the Jordache fashion empire, have purchased the luxury Setai Hotel in Miami Beach located at 2001 Collins Ave for almost $90 million. The price included the next door residential More…

Electra Tower picture Tamar Matzapi

The sale reflects a value of $307 million for the tower.  Four years after construction of the Electra Tower in central Tel Aviv was completed, the Electra Ltd. (TASE: ELTR) construction and infrastructure More…

BinnShot - October 2008

One time designer jeans mogul Ralph Nakash has bought a new coop which overlooks Central Park. Only a year after the Nakash brothers bought the Versace mansion in Miami, Ralph Nakash of More…


– The 90-room hotel will be built on Namir Road, near the Glilot Interchange. The Nakash brothers will exercise their building permit from the Tel Aviv-Jaffa Municipality to build a six-floor 90-room More…



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