Former Roadhouse Grill CEO serves up W South Beach condo for $7M
Ayman Sabi unloaded the condo for $2,725 psf; the buyer was tied to a Cayman Islands company
The former CEO of Pompano Beach-based Roadhouse Grill sold his condo at the trendy W South Beach for $7.2 million, about 22 percent over what he paid for it.
Faisal LLC, which is tied to Ayman Sabi of Pompano Beach, sold the 2,642-square-foot unit at the condo-hotel at 2201 Collins Avenue, records show. The deal for unit 1628 penciled out to $2,725 per square foot.
The buyer was listed as Sletna 1628, which is tied to a Cayman Islands company.
Sabi bought the three-bedroom, three-and-a half bath condo for $5.9 million in 2011, records show.
In September, a W South Beach condo owned by the late star architect Zaha Hadid sold for $5.75 million. Hadid lived in the unit while she was designing One Thousand Museum — her first and final residential project in the western hemisphere.
The 20-story W South Beach was developed by Related Group, Starwood and TriStar Capital. It was designed by Nichols Brosch Sandoval and Costas Kondylis, and completed in 2008.
Sabi’s Roadhouse Grill was a casual dining restaurant founded in 1992, whose motto was “eat, drink and be yourself.” The company struggled financially as it expanded and was reorganized under Chapter 11 bankruptcy in 2002.