Asset management mogul sells Fisher Island penthouse for $8M

Seller bought the unit for $4.3M in 2002

Miami /
Feb.February 01, 2021 04:30 PM
Martin Sass and 7795 Fisher Island Drive (Google Maps, Linkedin)

Martin Sass and Oceanside at Fisher Island (Google Maps, Linkedin)

The founder of a New York-based asset management firm sold his penthouse on Fisher Island for $8 million.

Martin and Barbara Sass sold their Oceanside at Fisher Island penthouse 7795 Fisher Island Drive to the Florida company ESMD001 LLC, records show.

Martin “Marty” Sass is the chairman and CEO of investment firm M.D. Sass. He founded the firm in 1972.

ESMD001 LLC is run by David and Emily Chene, corporate records show. David Chene is the co-founder and co-portfolio manager of Kennedy Lewis, a New York-based investment management firm. Emily Chene is a French model and actress.

The Sasses bought the 6,170-square-foot condo for $4.3 million in 2002, records show.

Jill Eber of Coldwell Banker Realty listed the property for $9.9 million in 2019, according to Realtor.com. The most recent asking price was $8.9 million in October.

Property records show the penthouse has four bedrooms and three-and-a-half bathrooms. The unit has limestone floors and four private terraces with 360-degree views of the Atlantic Ocean, Biscayne Bay, Miami Beach and the downtown Miami skyline.

In September, Pacific Star Capital developer Aria Mehrabi sold his Oceanside Fisher Island penthouse for $11 million.

Fisher Island, the richest ZIP code in the country, routinely has condo sales in the tens of millions of dollars. In recent weeks, the CEO of a natural nutrition company bought a Fisher Island condo for $17.4 million, and the president of an aviation parts company bought a condo for $16 million.





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