The Real Deal Miami

Billionaire hedge funder drops $13.5M on Apogee condo

AQR co-founder paid $3,600 psf for the South Beach unit
By Katherine Kallergis | May 02, 2018 01:30PM

Apogee unit 1604 and John Liew (Credit: Forbes)

Billionaire hedge funder John Liew and his wife Serena paid $13.5 million for a unit at Apogee in South Beach, according to sources.

John Liew co-founded AQR Capital Management, a private hedge fund firm based in Greenwich, Connecticut. Forbes pegs his net worth at about $1.25 billion.

Liew paid about $3,600 per square foot unit 1604 at 800 South Pointe Drive.

Property records show 1604 Apogee Corp. is the seller of the four-bedroom, 3,731-square-foot unit. It hit the market in January for $14.5 million with Bo Mastykaz with Douglas Elliman. Elliman’s Eloy Carmenate and Mick Duchon represented the buyers. The brokerage declined to comment on the buyers’ identity.

The condo features a 2,400-square-foot wraparound balcony with an outdoor kitchen, marble bathrooms, wood finishes and a chef’s kitchen, according to the listing.

The seller is controlled by Roberto, Filippo and Emanuel Lauro. Filippo and Emanuel share their names with executives at Scorpio Tankers, an owner and operator of tankers with offices in Monaco and New York.

The Apogee LLC paid about $6 million for the condo in 2008, the year that Related Group completed the 68-unit, 22-story building.

This latest deal is part of a wave of recent sales at Apogee. In March, two units sold for $12 million and $14.8 million. Earlier this year, actor Michael Caine sold his condo for $7.45 million.