Montreal family trust pays $5.8M for Trump Hollywood PH

The buyer also spent $1M on furnishings

Aug.August 28, 2018 06:00 PM

Marc Hameroff and the unit

UPDATED Nov. 4:20 p.m.: A Montreal-based family trust just paid $5.8 million for a two-story penthouse at Trump Hollywood — a steep discount off its $8.5 million asking price.

The buyer spent a total of $6.8 million, with $995,000 for the penthouse’s furnishings that included Tonino Lamborghini furniture, said Marc Hameroff of Engel & Völkers Miami. He had the listing for PH#2 at 2711 South Ocean Drive with Alina Pogorelova of Engel & Völkers New York. The buyer was represented by Harry Polsky of Global Luxury Realty LLC.

Records show the buyer is the Dangot Trust, with Florence Ruttenberg as trustee. The trust is based in Montreal. Hameroff said the seller is Russian but declined to name him. The penthouse last sold for $6.07 million in 2011.

Hameroff listed the 8,170-square-foot, seven bedroom, eight-and-a-half bathroom unit in March for $8.5 million, so it sold for a 32 percent discount off the most recent asking price. The penthouse had been on and off the market with other brokers since 2015, priced as high as $17 million, according to Zillow.

“It’s very challenging to sell a penthouse in Hollywood,” Hameroff said. “If we moved it down the street to Sunny Isles it would sell for two-and-a-half times the price.”

The 41-story Trump Hollywood was developed by the Related Group in 2009. Its 200 units reached a total sellout of $306 million in 2012.

Correction: A previous version of this story misstated the buyer’s identity.

Related Articles

BTI Partners CEO Noah Breakstone and the property

BTI Partners pays $16M for downtown Hollywood site of major mixed-use project

John Gallant and the Florida Keys

Engel & Völkers expands to the Florida Keys

Hyde Beach House Resort & Residences, Carlos Rosso and Drew Sims

Sotherly closes on acquisition of Hyde Beach House hotel space

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

A conceptual rendering and Lon Tabatchnick

Margaritaville developer plans another Hollywood hotel despite opposition

Orangebrook Mobile Home Estates and Carlyle Group co-CEOs Kewsong Lee and Glenn A. Youngkin (Credit: Google Maps, Carlyle Group)

Private equity giant scoops up mobile home park in Hollywood

From left: James Grage, Matthew Elliott, and Marc Hameroff, with the home

Fitness expert wants to shed his Hollywood home via auction

Daily Digest Miami

Project with downtown Miami’s first brewery moves forward, startup aims to institutionalize investing in Miami condos: Daily digest