Former CEO of J. Crew and Gap adds to North Bay Road waterfront assemblage

Miami Beach investor Abbey Berkowitz sold the 7K sf home, built in 1935

Miami /
Sep.September 02, 2021 12:30 PM
Mickey Drexler and 4434 N Bay Road (Getty)

Mickey Drexler and 4434 N Bay Road (Getty)

UPDATED, Sept. 3, 10:10 a.m.: Retail investor Mickey Drexler went shopping for more waterfront land on North Bay Road, and he got it.

Drexler, former CEO of J. Crew and Gap, paid $16.5 million for the 7,135-square-foot house at 4434 North Bay Road in Miami Beach, according to sources. The Wall Street Journal first reported the sale. The property is adjacent to Drexler’s home.

Abbey and Helene Berkowitz sold the six-bedroom house to Drexler. The home, built in 1935 and later expanded, sits on a 16,823-square-foot lot. It has seven bathrooms and one half-bathroom, a pool and dock.

Abbey Berkowitz is an investor whose family owned hotels on Collins Avenue, according to the website for Yehudi, an organization the Berkowitzes co-founded.

The couple paid $925,000 for the North Bay Road house in 1989, property records show.

In the latest sale, Pablo Alfaro of Douglas Elliman represented the buyer and seller of the home. He declined to comment.

With the purchase, Drexler now controls 1.3 contiguous waterfront acres. Drexler is also chairman and CEO of Alex Mill, an apparel company.

More than three years ago, he paid $13.7 million for the waterfront property at 4462 North Bay Road, which is on the opposite side of the home that he and his wife own at 4452 North Bay Road. The couple paid nearly $12.9 million in 2017 for that property, which previously belonged to Calvin Klein.

In November, Drexler sold his Idaho estate and a pair of neighboring lots for $11 million.





    Related Articles

    arrow_forward_ios
    6345 Collins Avenue (Google Maps, Getty)
    Deauville owners offer $200M for historic Casablanca Miami Beach
    Deauville owners offer $200M for historic Casablanca Miami Beach
    Jim Randall with 3240 North Flagler Drive (Living Proof Photography, The Randall Foundation)
    Rivet tycoon buys waterfront West Palm home for $16M
    Rivet tycoon buys waterfront West Palm home for $16M
    401 Ridgewood Road in Miami (Google Maps)
    Brazilian silicon manufacturing heir buys Key Biscayne home
    Brazilian silicon manufacturing heir buys Key Biscayne home
    One Thousand Museum (Google Maps, Getty)
    One Thousand Museum closing tops Miami-Dade’s weekly condo sales
    One Thousand Museum closing tops Miami-Dade’s weekly condo sales
    Jerry Robins (Legacy)
    Robins family patriarch Jerry Robins dies at 86
    Robins family patriarch Jerry Robins dies at 86
    12365 Cypress Island Way in Wellington, Ansgar Holtgers and Jim & Kristy Clark (Google Maps, Getty, Instagram/ansgar.holtgers)
    Billionaire Jim Clark buys Wellington mansion for $12M
    Billionaire Jim Clark buys Wellington mansion for $12M
    Ronny Finvarb with rendering of plans for a new project in Sunset Harbour (Finvarb Group, Getty)
    Ronny Finvarb proposes new resi project in Sunset Harbour
    Ronny Finvarb proposes new resi project in Sunset Harbour
    Lennar Corp.’s Stuart Miller with a rendering of the property
    Stuart Miller plans yet another Star Island mega manse
    Stuart Miller plans yet another Star Island mega manse
    arrow_forward_ios

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

    Loading...