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Hedge fund principal buys St. Regis Bal Harbour condo
It sold for $100K under its previous sale price in 2014
A principal at a New York-based hedge fund bought a unit at St. Regis Bal Harbour for $6.5 million, a slight loss from its previous sale.
Records show Mark and Robyn Tsesarsky purchased unit 2302 in the south tower from SE2302S LLC, a Florida corporation that links to Miami Beach-based real estate company Beyond Realty Group.
Mark Tsesarsky is the co-head of fixed income and commodities at Millennium Management, which has more than $48.3 billion in assets under management, according to its website. Tsesarsky was previously the global head of securitized markets at Citigroup before joining Millennium in 2017.
The Florida corporation bought the Bal Harbour condo at 9701 Collins Avenue for $6.6 million in 2014.
It hit the market in September for $6.8 million.
Matias and Christina Alem of BRG International represented the seller, while Isaac Lustgarten of The Alexander Team at Douglas Elliman represented the buyers.
The three-bedroom, three-and-a-half-bathroom condo spans 3,128 square feet. The unit sold for nearly $1,900 per square foot.
The St. Regis Bal Harbour was developed in 2011 and features four pools, oceanfront cabanas, restaurants, a full-service spa, and separate amenities for residents. In August, developer Shlomy Alexander sold a unit for $6.5 million.
Billionaire brothers David and Simon Reuben acquired a $132 million mortgage for the St. Regis Bal Harbour resort in November.