Billionaire hedge funder drops $13.5M on Apogee condo

AQR co-founder paid $3,600 psf for the South Beach unit

Miami /
May.May 02, 2018 01:30 PM

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.


Related Articles

arrow_forward_ios
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Chris Lorenzen and Richard W. Gray III with Apogee at 800 South Pointe Drive in Miami Beach (LinkedIn, DJR Enterprises, Apogee Condo South Beach)
Securities trading CEO buys Apogee condo in South Beach for $12M
Securities trading CEO buys Apogee condo in South Beach for $12M
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
Jacques Barbera and 800 South Pointe Drive (Google Maps)
Bar Invest Group chief sells Apogee condo in South Beach for $8M
Bar Invest Group chief sells Apogee condo in South Beach for $8M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
(Google Maps)
Weekly condo sales and dollar volume drop in Miami-Dade
Weekly condo sales and dollar volume drop in Miami-Dade
arrow_forward_ios

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

Loading...