Terra and GFO’s Five Park sells last PH below asking for $19M
The last available penthouse at Terra and GFO Investment’s Five Park in Miami Beach sold for $18.5 million. Terra, led by David Martin, and Russell Galbut’s GFO were represented by Chris Wands, Angelica Garcia and Luiza Chimancio of Douglas Elliman. Matt Lill of the Corcoran Group brought the buyer, according to a news release. The deed has yet to appear in public records, and the buyer is unknown. The deal equates to $3,053 per square foot. The price falls short of the $21 million the unit listed for in July, but is in line with the $17.5 million paid by […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Loan officers are going to Washington
When standard DSCR falls short: What real estate investors should know about no-ratio financing
The Ground Lease Dilemma—Affordability Engine or Ticking Time Bomb?
She Taught Private Swim Lessons at Home for 7 Years. Then the City Shut Her Down After a Neighbor’s Complaint.
Naples Comprehensive Health Enhances Storm Preparedness
Here’s Where It Takes the Longest To Save for a Down Payment—and Where It’s Quickest
FOSTERING SUCCESS ANNOUNCES 2026 SCHOLARSHIP RECIPIENTS
‘Grey’s Anatomy’ Star Patrick Dempsey Lifts the Lid on His Childhood in Tiny Maine Town—and His Job at Local Recycling Center
Maria Shriver Reveals How Childhood Lessons From Her Late Father Help Her Navigate Tricky Relationship With RFK Jr.
Southwest Airlines forecasts quarterly earnings below estimates on higher fuel
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131