15701 Collins Avenue and Skyrise Properties’ Moshe Azoulay (Zillow, The Residences at Sunny Isles Beach front)
A real estate trader from the Lone Star Condition purchased a flipped apartment at Ritz-Carlton Residences, Sunny Isles Seashore for $5.6 million.
Records exhibit Moshe Azoulay acquired device 4901 at 15701 Collins Avenue from MV Realty Group, a Florida LLC registered to Debra Minuto of Upper Saddle River, N.J.
Azoulay heads Dallas-based Skyrise Attributes, a true estate investment decision company with industrial and household holdings throughout Texas, as nicely as in Asia and Europe, in accordance to its website.
Minuto and her spouse, Anthony, individual and run a chain of bagel cafés in New Jersey. Her father-in-legislation, Marco Minuto, was arrested on racketeering fees in a 2016 Federal Bureau of Investigation sting of 46 alleged mob leaders and affiliates that spanned five states, according to the U.S. Section of Justice. Court docket records show the case was dismissed in December 2017.
Mikhail Mudrik of The Agency experienced the listing, and Sarah Gozlan of G Realty Team brought the purchaser.
Minuto bought the condo for $4.7 million in January, according to records. The three-bedroom, 4-lavatory unit spans 2,800-square-feet and was completed past year, records display.
Azoulay’s obtain marks a $900,000 return on the device for Minuto in 10 months.
Ritz-Carlton Residences, Sunny Isles Seaside is a 52-story, 212-unit oceanfront condominium tower created by Miami-primarily based Fortune International Group and Aventura-centered Château Team. Ritz-Carlton manages the condo creating, whose features incorporate a motion picture theater, wine lounge, and day-to-day complimentary breakfast, in accordance to the listing.
Ritz-Carlton condos have proven to be a common option for luxurious buyers in South Florida. A jail protection units CEO bought a penthouse at Ritz-Carlton Residences, Sunny Isles Beach for $25.5 million in April of last year.
Much more lately, users of the Witkoff loved ones acquired two models at Ritz-Carlton Residences, Miami Beach front for a put together $10.9 million. Steve Witkoff heads the family’s eponymous authentic estate financial investment company, Witkoff Team.
