Alleged hedge fund fraudster’s wife sells Bal Harbour condo for $7.85M

Miami /
May.May 22, 2017 06:00 PM

The wife of an alleged hedge fund fraudster just sold a condo at the Ritz-Carlton Bal Harbour for $7.85 million.

Records show OBH 2308 LLC sold unit 2308 at the condo tower at 10295 Collins Boulevard. The entity is led by Dahlia Kalter of New Rochelle, New Jersey. 

Kalter’s husband, Mark Nordlicht, founder and chief investment officer of New York-based hedge fund Platinum Partners, was arrested in December at his New Rochelle home. He and six others were charged in connection to a $1 billion investment fraud that prosecutors said led the firm to be operated “like a Ponzi scheme,” according to the New York Times. He was charged with securities fraud and investment adviser fraud in one of the largest fraud cases Bernie Madoff’s in 2008, the Times reported.

Miami-Dade property records show Kalter bought the 5,266-square-foot condo for $5.25 million in 2008. The new sale price equates to $1,490 per square foot.

The buyer is OJLH Florida Trust, led by Therese Brownstein, Frank Zylberberg and Edward Victor. The three are based in Montreal. Zylberberg is an attorney, according to his website, and Victor is an accountant.

The Lionstone Group and Flag Luxury Group, owners of the Ritz-Carlton, South Beach acquired the former One Bal Harbour Resort & Spa in 2014 and rebranded it as the Ritz-Carlton. In 2015, the owners announced the property would undergo a $5 million renovation to add a new restaurant, spa and yoga studio. The 18-story development, completed in 2007, has 185 residences and 124 condo-hotel rooms. The building had endured years of litigation after two of its former owners filed for bankruptcy.

Last July, a Brazilian investor sold his unit at the Ritz-Carlton Bal Harbour for $12.3 million or $1,577 per square foot. Also in July, a 7,874-square-foot penthouse at the tower hit the market for $30 million or $3,800 per square foot.


Related Articles

arrow_forward_ios
Diego Lowenstein, Dayssi Olarte de Kanavos, Paul Kanavos, and Ronny Ben Josef, with The The Sagamore (Credit: The Sagamore Hotel)

Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore

Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore
Dina Goldentayer, Ryan Cohen and the Bal Bay Drive home (Credit: Kris Tamburello/Douglas Elliman)

Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer

Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer
A renderings of the Shops at Sunset Place project and a rendering of the Surfside Town Center project

Voters decide South Miami, Surfside and Bal Harbour real estate referendums

Voters decide South Miami, Surfside and Bal Harbour real estate referendums
Laurent Ouazana and 224 Bal Bay Drive (Linkedin, Douglas Elliman)

French insurance firm CEO sells Bal Harbour mansion for $24M

French insurance firm CEO sells Bal Harbour mansion for $24M
122 Bal Bay Drive, Jerome and Debbie Falic (Credit: BILLY FARRELL/Patrick McMullan via Getty Images)

Duty Free Americas owners purchase another home in Bal Harbour

Duty Free Americas owners purchase another home in Bal Harbour
Louise Sunshine with 10225 Collins Avenue

Louise Sunshine buys oceanfront Bal Harbour condo

Louise Sunshine buys oceanfront Bal Harbour condo
Matthew Whitman Lazenby, Saks Fifth Avenue at Bal Harbour Shops (Credit: Sonya Revell)

Saks Fifth Avenue countersues Bal Harbour Shops for defamation

Saks Fifth Avenue countersues Bal Harbour Shops for defamation
148 Bal Bay Drive, Bal Harbour and Bent Philipson (Credit: Google Maps)

Healthcare mogul buys waterfront Bal Harbour home for $9M

Healthcare mogul buys waterfront Bal Harbour home for $9M
arrow_forward_ios

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

Loading...