Bar Invest Group chief sells Apogee condo in South Beach for $8M

Seller purchased the unit in 2008 for $2.9M

Miami /
May.May 21, 2021 06:00 PM
Jacques Barbera and 800 South Pointe Drive (Google Maps)

Jacques Barbera and 800 South Pointe Drive (Google Maps)

Real estate investment chief Jacques Barbera sold his unit at Apogee for $8.4 million.

Barbera and his wife, Jeanne, sold unit 1102 at 800 South Pointe Drive in Miami Beach to Michael Picozzi III, records show.

Jacques Barbera is chairman and CEO of Miami-based Bar Invest Group, an international real estate investment firm that has invested in more than 1 million square feet of retail space and 1,500 apartment units in South Florida, according to its website. Barbera founded the firm in 2001.

Last month, Bar Investment Group sold a multifamily complex in Coconut Creek for $46.5 million.

According to a Securities and Exchange Commission document, the Apogee unit’s buyer, Picozzi III, was the founder and owner of Andover Brokerage, a New York-based broker-dealer. The firm was acquired by SunGard Data Systems in 2003, and Andover’s broker-dealer business was transferred into SunGard’s broker-dealer, Assent.

The Barberas purchased the condo in 2008 for $2.9 million, records show. It was first listed for $7.3 million in 2013. The most recent asking price was $8.2 million in March.

Bohdan Mastykaz with Douglas Elliman represented the seller, and Tony Giulino of Elliman represented the buyer.

The 2,756-square-foot condo has three bedrooms and three-and-a-half bathrooms. The unit also features 1,200 square feet of balconies and a private elevator, according to the listing. The Related Group developed the 22-story South Beach condo building in 2007.

Recent sales at Apogee include Maxim Group Vice Chairman Edward Rose buying a unit for $9.3 million, Joseph Beard selling a unit for $15.5 million, and an apartment developer spending $7.5 million for a unit.






    Related Articles

    arrow_forward_ios
    HFZ’s Ziel Feldman with the Shore Club (Getty, Facebook via Shore Club)
    HFZ Capital off the hook for $6M in failed Shore Club South Beach deal
    HFZ Capital off the hook for $6M in failed Shore Club South Beach deal
    Private equity mogul Nathan Leight and the Coconut Grove property (Sotheby's, Terrapin Partners)
    Private equity mogul sells waterfront Coconut Grove estate for $48M
    Private equity mogul sells waterfront Coconut Grove estate for $48M
    Chris Lorenzen and Richard W. Gray III with Apogee at 800 South Pointe Drive in Miami Beach (LinkedIn, DJR Enterprises, Apogee Condo South Beach)
    Securities trading CEO buys Apogee condo in South Beach for $12M
    Securities trading CEO buys Apogee condo in South Beach for $12M
    TPG CEO Jon Winkelried with AC Hotel Miami Midtown at 3400 Biscayne Boulevard and the next-door Hampton Inn & Suites at 3450 Biscayne Boulevard (Hilton, Google Maps)
    Why buy one when you can take two? TPG nabs Miami AC Marriott, Hampton Inn in Edgewater for $61M
    Why buy one when you can take two? TPG nabs Miami AC Marriott, Hampton Inn in Edgewater for $61M
    Moishe Mana and one of the properties that's located on Flagler Street. (Getty, Google Maps)
    Moishe Mana expands downtown Miami assemblage with $27M purchase
    Moishe Mana expands downtown Miami assemblage with $27M purchase
    (The Markers Grove Isle)
    Grove Isle legal battle ending, as developer rebrands planned waterfront condo project
    Grove Isle legal battle ending, as developer rebrands planned waterfront condo project
    Lynd CEO A. David Lynd and Lynd Acquisition Group President Constantine Scurtis with Parc Place Apartments at 17600 Northwest Fifth Avenue in Miami Gardens (Parc Place)
    Lynd pays $41M for Miami Gardens apartments
    Lynd pays $41M for Miami Gardens apartments
    Palazzo Del Sol (7000 Fisher Island Drive, Fisher Island) (Google Maps)
    $19M Fisher Island PH leads weekly condo sales
    $19M Fisher Island PH leads weekly condo sales
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...