Billy Fuccillo Jr. with rendering of Ritz-Carlton Residences (LinkedIn, Ritz-Carlton, Getty)
Billy Fuccillo Jr., who inherited his father’s car or truck dealership empire, acquired a condominium at Ritz-Carlton Residences, Miami Seaside for $5 million.
Data clearly show Fuccillo acquired device 221 at 4701 North Meridian Avenue from Gresham Group Minimal SA, a Panamanian corporation.
Fuccillo is president of Fuccillo Automotive Group. Headquartered in Adams, New York, it is a person of the premier privately held vehicle dealership teams in the state, with dealerships in New York and Florida. Fuccillo’s late father, Billy Fuccillo Sr., started off the team and was known for his “it’s gonna be large,” tagline in his commercials. He died previous calendar year immediately after suffering a stroke at age 65, WFTV 9 reported.
Juan Carlos Pagan of HAUS Realty had the listing for the condo.
The Gresham Group purchased the device for $3.6 million in 2020, in accordance to house information. The 3,300-sq.-foot condo has three bedrooms, 3 bathrooms, and 1 50 percent-rest room, data display. Device 221 is a 3-story corner device with double-height ceilings in the living parts, the listing exhibits.
Ritz-Carlton Residences, Miami Seaside is an 8-tale, 111-unit condominium with concierge services provided by the lodge manufacturer. Facilities in the creating consist of a motion picture theater, spa, art studio, and a marina.
The setting up has been favored by some of the biggest names in South Florida serious estate. Robert Rivani, president of Black Lion Financial investment Group, bought a device in the constructing for $7.5 million in May perhaps. Final year, users of the Witkoff family members, who direct the improvement business Witkoff, bought two models in the making for a merged $10.9 million.
Fuccillo’s invest in was the biggest condominium sale in Miami-Dade County last 7 days, in accordance to assessment by The Actual Offer. Rental rates in the Miami current market have taken a dip since the summer time, as the market place started to amazing from its two-12 months pandemic frenzy.
