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
    Fuse Group Investment CEO Eyal Peretz and attorney Michael Ehrenstein (Fuse, Ehrenstein Sager, Twitter via GUT Miami)
    Fuse Group acquires Security Building in downtown Miami, plans to sue WeWork for alleged lease breach
    Fuse Group acquires Security Building in downtown Miami, plans to sue WeWork for alleged lease breach
    4412 North Bay Road
    North Bay Road mansion sells for $25M, nearly double its purchase price two years ago
    North Bay Road mansion sells for $25M, nearly double its purchase price two years ago
    Jose Luis, Martin and Carlos Melo with renderings of Aria Reserve (Melo Group)
    Seeing double: Melo joins Miami condo craze with two-tower Edgewater project
    Seeing double: Melo joins Miami condo craze with two-tower Edgewater project
    Leon Ojalvo with Blue Lake Village Apartments (SRE Commercial Group)
    Investor buys multifamily complex near Miami Shores for $15M
    Investor buys multifamily complex near Miami Shores for $15M
    Oceana Key Biscayne at 360 Ocean Drive, Key Biscayne
    Miami-Dade condo sales and volume dip in second week of June
    Miami-Dade condo sales and volume dip in second week of June
    The six-bedroom Coral Gables house. (Compass / Zignavisual Photography, Del Toro Insurance)
    Del Toro Insurance tycoons buy waterfront mansion in Coral Gables for $6M
    Del Toro Insurance tycoons buy waterfront mansion in Coral Gables for $6M
    David J. Blumberg and 415 Center Island Drive (Google Maps, Blumberg Capital)
    Blumberg Capital founder buys waterfront Golden Beach home for $11M
    Blumberg Capital founder buys waterfront Golden Beach home for $11M
    Jorge, Jon Paul and Nick Pérez (Photos by Studio Scrivo)
    Related Group’s condo kings expand their realm
    Related Group’s condo kings expand their realm
    arrow_forward_ios

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

    Loading...