Johnny Rockets building in “Scarface” sells for $12.4M to NY developers

Last sold for $8M in May 2011

TRD MIAMI /
Mar.March 18, 2015 10:30 AM

The Ocean Drive building known for the famous chainsaw scene in the movie “Scarface” sold for $12.4 million, The Real Deal has learned.

A Miami-based company sold the 6,500-square-foot site to an affiliate of New York-based Infinity Group, led by Steve Kassin.  Dan Arev, of New York-based Link Real Estate, and Moshe Popack, of Miami-based YMP Real Estate, brought Kassin in on the deal.

The 9,852-square-foot building at 728 Ocean Drive in Miami Beach is home to Johnny Rockets.

“It’s an irreplaceable asset in an irreplaceable location,” Arev told TRD.

Moshe Popack, who is largely focused on multifamily housing, with more than 3,000 apartments on the East coast, brought Arev in on the acquisition, Arev said.

Most recently, Arev was a partner in a New York-based joint venture that bought an entire block in Wynwood.

The seller of the Ocean Drive property, MER Ocean Drive, is managed by Mario Scarpetta Gnecco, according to corporate records. The 6,500-square-foot site last sold for $8 million in May 2011.


Related Articles

arrow_forward_ios
Multiplan launches sales of boutique luxury condo project on Ocean Drive

Multiplan launches sales of boutique luxury condo project on Ocean Drive

Multiplan launches sales of boutique luxury condo project on Ocean Drive
Steve Klein, David Berg and 1200 Ocean Drive 

Infinity sells Ocean Drive building to Apple Core for $33M

Infinity sells Ocean Drive building to Apple Core for $33M
Daily Digest Miami

Edgewater Opportunity Zone site hits the market, FHA will back more condo loans: Daily digest

Edgewater Opportunity Zone site hits the market, FHA will back more condo loans: Daily digest
Lord Balfour Hotel, Rami Zeidan, Garrett Solomon and Bryan Dunn

Henley buys Ocean Drive hotel for $35M in partnership with Life House

Henley buys Ocean Drive hotel for $35M in partnership with Life House
Kirk Olson, Shadi Shomar, Drew Kristol and the Bentley Hotel

Galbut family sells Ocean Drive hotel for $28M

Galbut family sells Ocean Drive hotel for $28M
Historic Ocean Drive hotel sells for $7M

Historic Ocean Drive hotel sells for $7M

Historic Ocean Drive hotel sells for $7M
Brazilian billionaire plans boutique luxury condo on Ocean Drive

Brazilian billionaire plans boutique luxury condo on Ocean Drive

Brazilian billionaire plans boutique luxury condo on Ocean Drive
The Weekly Dish: Rapper Pitbull unveils Ocean Drive restaurant & more

The Weekly Dish: Rapper Pitbull unveils Ocean Drive restaurant & more

The Weekly Dish: Rapper Pitbull unveils Ocean Drive restaurant & more
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...