The Real Deal Miami

Daughter of alleged mobster, husband pay $5M for Porsche Design unit

The couple also filed a settlement with UBS through the SEC

January 04, 2017 08:45AM
By Ina Cordle

  • Print

Porsche Design Tower

Andrea Romanello Ferdinand — the daughter of an alleged mobster — and her husband Brian Ferdinand just bought a $5.2 million unit at Porsche Design Tower in Sunny Isles Beach.

Records show the couple, who live in Syosset, New York, bought unit 1505 at the newly completed tower at 18555 Collins Avenue.

Romanello Ferdinand’s father, Patrick Romanello — known as Patty Muscles — alleged to be an associate of the Bonanno crime family, was found guilty of joining a murder conspiracy and sentenced to 10 years in prison, according to the New York Times. In 2005, when he was awaiting trial for allegedly participating in the 1983 killing of city Deputy Commissioner Enrico Mazzeo and the 1990 killing of mob associate Louis Tuzzio, a judge allowed him out of jail for 17 hours to attend Romanello Ferdinand’s wedding, the Times reported. That was a year after he was allowed out for 48 hours to attend her older sister’s wedding, according to the New York Daily News.

In recent years, Romanello Ferdinand and her husband ran into financial trouble with a former company he co-founded, Liquid Holdings Group, Bloomberg reported. According to a settlement filed with the Securities and Exchange Commission, the couple and their companies, LT World Limited LLC, Ferdinand Holdings LLC and Ferdinand Trading LLC, agreed in September 2014 to repay UBS Bank USA a $2.3 million loan, based on a repayment schedule that would bring the balance to zero by July 2015.

Brian Ferdinand’s current occupation is CEO at Vacation Rentals LLC, according to his LinkedIn page.

Dezer Development, led by Gil Dezer, completed Porsche Design Tower toward the end of last year. The 132-unit, 60-story building is known for its “Dezervator,” a patented car elevator that takes residents up to their units, in their cars. Amenities include balcony plunge pools, and racing and gold simulators.

Records have revealed other buyers at the tower, including Russian Chingiz Askerov, who owns commercial and residential real estate in Moscow like the Domodedova Shopping Mall and paid $5 million for unit 1605; Mexican billionaire Carlos Peralta Quintero, who paid $6.54 million for unit 1101; Colorado Rockies player Carlos “CarGo” Gonzalez, Brazilian media mogul Edir Macedo, known as “the Bishop” and Russian businessman Igor Yakovlev. The tower has an estimated $840 million sellout. At least 62 unit closings have been recorded in Miami-Dade County records so far.

MENU