Published On: Wed, Dec 30th, 2015

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

Unit sold for nearly $1.5 million under asking price

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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.

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

 

 

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