Condé Nast chairman sells Eighty Seven Park condo for $6M

Jonathan Newhouse bought the oceanfront unit for the same price in 2019

Jonathan Newhouse and Eighty Seven Park at 8701 Collins Avenue, Miami Beach (Getty, Eighty Seven Park Condo)
Jonathan Newhouse and Eighty Seven Park at 8701 Collins Avenue, Miami Beach (Getty, Eighty Seven Park Condo)

Condé Nast International’s chairman, Jonathan Newhouse, sold his oceanfront condo at Eighty Seven Park in Miami Beach for $6.2 million.

Records show Newhouse sold unit 1001 at 8701 Collins Avenue to Lix and Buddy LLC, a Delaware corporation. According to an affidavit from Miami-Dade County, Lix and Buddy LLC is led by Nessan Bermingham and Nina Ross of Boston. Bermingham is CEO of Triplet Therapeutics, a Cambridge Massachusetts-based biotechnology company.

Newhouse is a nephew of Samuel I. Newhouse, the founder of Advance Publications, which purchased Condé Nast in 1959 for $5 million. Jonathan’s cousin, Samuel “S.I.” Newshouse, Jr., took over as the chairman of Condé Nast in 1975, according to The Guardian. He died in 2017.

Jonathan Newhouse was CEO and chairman of Conde Nast International from 1990 until 2019, when he relinquished the CEO role but remained chairman, according to published reports.

In 2019, he bought the condo from the developer, Terra, for $6.2 million.

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The unit sold for $2,790 per square foot after 101 days on the market, according to Stacy Robins of Stacy Robins Companies represented the seller, and Tom Belcher of Douglas Elliman represented the buyer.

The 2,218-square-foot condo has three bedrooms and three-and-a-half bathrooms. The unit also features a 1,715-square-foot, wraparound terrace, according to the listing.

Terra completed the 66-unit, 18-story Eighty Seven Park condo tower in 2019. It was designed by Renzo Piano.

In January, Canadian construction CEO Pierre Pomerleau bought a unit at Eighty Seven Park for $8 million. Pomerleau also bought a different unit in 2019 for $6 million.

Last year a penthouse at the condo tower sold for $37 million.