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.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
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.
ASRR Capital’s Alex Sapir is buying out his partner Rotem Rosen for $70 million, according to filings on the Tel Aviv Stock Exchange. Alex Sapir will hold 80.5 percent share of the company. ASRR More…
Now that Alex Sapir and Rotem Rosen have finalized their $205 Million acquisition of Manhattan’s famed Mondrian Soho Hotel, the two investors have had another victory there. The duo won a court ruling ousting More…
Alex Sapir and Rotem Rosen have teamed through their Israeli company ASRR Capital to acquire a townhouse located at 218 Madison Avenue in Manhattan for $18.5 million. They plan to tear it down and build a 10 story More…
Billionaire real estate mogul Alex Sapir has led a group of investors in the acquisition of New York’s famed Mondrian Soho hotel for $205 million. The group of partners in the deal had the winning bid at an auction More…