Namdar Realty linked to $27M purchase of two Trésor penthouses in Miami Beach
Caryl Englander sold the side-by-side units for $18M under asking price, amid legal woes with estranged husband Izzy Englander
Affiliates of Igal Namdar’s Namdar Realty Group bought Caryl Englander’s side-by-side penthouses in the Fontainebleau II Trésor tower in Miami Beach for a combined $27 million.
Records show two Florida entities, Tresor South Realty LLC and Tresor North Realty LLC, bought PH-South and PH-North at 4401 Collins Avenue from Englander. Both LLCs are linked to the Great Neck, New York headquarters of Namdar.
The commercial real estate firm was established in 1999, and now owns and manages more than 56 million square feet across asset classes, its website shows. In August, Namdar partnered with Empire Capital to buy the 14-story 830 Third Avenue in Midtown Manhattan for $72 million.
Englander is the estranged wife of New York-based billionaire hedge funder Izzy Englander. She chairs the board of the Manhattan-based International Center of Photography.
Last month, she filed, then promptly withdrew, a lawsuit alleging he bilked her out of billions of dollars in their postnuptial agreement, Bloomberg reported. In the suit, Caryl Englander and her girlfriend, Swiss art dealer Dominique Levy, alleged that Izzy Englander had them followed by private investigators, tried to smear Levy within the art world, and falsely reported Levy for abusing her children, according to the New York Post.
Caryl Englander’s sister, Linda Schecter, and Gary Feinberg of Compass had the listing for the penthouses, and Michele Redlich of Coldwell Banker Realty brought the buyer.
In July, Englander initially listed the south penthouse for $25 million and the north penthouse for $20 million, to be sold for a combined $45 million. The sale came $18 million shy of her asking price.
Records show the Englanders bought the units via a trust managed by New York-based attorney James Kaufman for a combined $21.5 million, in a pair of deals in 2008 and 2010. They were transferred to Caryl Englander in 2020, records show.
The condos are on the top floor of the 36-story, 460-unit Trésor, a tower within the Fontainebleau Miami Beach resort. Each penthouse spans 4,500 square feet, with five bedrooms, five bathrooms, and two half-bathrooms, the listing shows. Englander also recently renovated both units, according to the listing. Trésor residents have access to the resort’s amenities, including the gym and spa, pool, tennis courts and restaurants.
In October, Jeffrey Soffer’s Fontainebleau Development started construction on a new five-story event center that will attach to the Trésor Tower, in an aim to attract more business conferences to the resort.