Former Goldman Sachs executive snaps up Gulf Stream condo

Latin America head paid about $1,500 psf for the beachfront unit

Mar.March 05, 2018 11:00 AM

4001 North Ocean (Credit: Seaside Properties Group)

UPDATED, March 5th, 12:59 p.m.: The former head of Goldman Sachs’ Latin American division just plunked down $5.2 million for an oceanfront condo in Gulf Stream, property records show.

Kevin Kennedy, a former managing director at Goldman Sachs Group, and his wife Karen closed on unit 602 at 4001 North Ocean. The Kennedys paid about $1,500 per square foot for the 3,435-square-foot unit at 4001 North Ocean Boulevard. The New York-based couple is also philanthropic: Kevin Kennedy is on the board of the Metropolitan Opera, and a trustee of the New York Public Library and the Chewonki Foundation. He retired from the firm in 2011.

Louis Campisano and Jeanette Frankenberg, as trustees of the Gulf Stream Family Trust, sold the three-bedroom, four-bathroom unit. Frankenberg, an attorney, and Campisano, an insurance executive, live in New Jersey. Records show they paid $3 million for the unit in 2013. Two years later, they also purchased a beachfront mansion in Gulf Stream for $6.5 million.

The six-story, 34-unit condo building was developed by the New York City-based capital management group Och-Ziff and the Kolter Group of West Palm Beach. Units range from 2,800 square feet to more than 4,000 square feet, and the building includes an oceanfront pool, spa and fitness center.

Fashion designer Tomas Maier and the late conductor Robert Lawson Craft recently sold their Gulf Stream homes.

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