Godiva CEO buys Bal Harbour condo

Mohamed Elsarky paid nearly $1,700 psf for St. Regis unit

TRD MIAMI /
Oct.October 20, 2017 10:30 AM

St. Regis unit and Mohamed Elsarky (Credit: Twitter)

The CEO of Godiva Chocolatier just picked up a luxury condo in Bal Harbour with sweet views.

Mohamed Elsarky and his wife, Irma, paid $6.5 million for unit 2001 in the North tower of the St. Regis Bal Harbour, property records show.

N2001 Fla Inc sold the three-bedroom, 3,884-square-foot unit at 9705 Collins Avenue. The Delaware corporation is managed by Cristofer Bennardo, a Boca Raton attorney. The company paid $6.3 million for the unit in 2012.

Elsarky has led the New York City-based chocolatier since 2014. The company was founded in Belgium in the 1920s and purchased by the Turkish conglomerate Turkish Yıldız Holding in 2007.

The Elsarkys paid nearly $1,700 per square foot for the unit, which features panoramic floor-to-ceiling windows with views of the ocean and Intracoastal Waterway.

It hit the market in November for $9.5 million, and was relisted in August for $7.85 million with Douglas Elliman’s Senada Adzem, according to Realtor.com. Elliman also represented the buyer. It sold at a 32 percent discount off its highest asking price.

In 2014, Qatar’s largest development company, Al Rayyan Tourism Investment Company, paid $213 million for the hotel component of the luxury beachfront project. Amenities include the luxury resort’s pool, fitness center, spa and kids club.


Related Articles

arrow_forward_ios
Oceana Bal Harbour with Jack and Rita Barouh (Oceana Bal Harbour, the Barouhs via Europa Star)

Convicted tax evader pays $7M for Oceana Bal Harbour condo

Convicted tax evader pays $7M for Oceana Bal Harbour condo
252 Bal Bay Drive and Patrick Dovigi (Credit: Wikipedia)

Billionaire waste management mogul sells Bal Harbour mansion for $23M

Billionaire waste management mogul sells Bal Harbour mansion for $23M
84 Bal Bay Drive (Credit: Google Maps)

Developer sells Bal Harbour waterfront property for $6M

Developer sells Bal Harbour waterfront property for $6M
10245 Collins Avenue and (clockwise from top left) Taylor Collins, Bruce Eichner, Phil Gutman and Louis Birdman (Google Maps)

Searching for land: Bruce Eichner, Two Roads vie to buy out aging Bal Harbour condo for over $100M

Searching for land: Bruce Eichner, Two Roads vie to buy out aging Bal Harbour condo for over $100M
Inside South Florida’s mall, retail and restaurant reopenings

Inside South Florida’s mall, retail and restaurant reopenings

Inside South Florida’s mall, retail and restaurant reopenings
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
Map of priciest condo sales and Oceana Bal Harbour unit 1701

Oceana Bal Harbour resale tops condo sales in Miami last week

Oceana Bal Harbour resale tops condo sales in Miami last week
Mark Notkin, Dina Goldentayer and David Siddons and the Oceana Bal Harbour unit (Credit: Douglas Elliman)

Junk bond manager sells Bal Harbour condo at a loss

Junk bond manager sells Bal Harbour condo at a loss
arrow_forward_ios

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

Loading...