Irving Langer and Johann Graf with Muse Sunny Isles Beach (Getty, Novomatic, Google Maps)
An heir to Austrian gambling billionaire Johann Graf’s fortune purchased a penthouse in Sunny Isles Seaside.
Patrick Graf paid out $12.5 million for an higher penthouse at Muse Residences, a 68-device, 49-tale oceanfront tower at 17100 Collins Avenue, house information demonstrate. Irving Langer, a multifamily real estate investor, marketed the condominium at a loss.
Langer paid out $14.1 million for the 4-bedroom, 6-rest room device, which spans 6,100 sq. ft, in 2018. Residence Markets Team and S2 Development done the creating that calendar year, which suggests that Langer most likely entered into a deal to buy the device at that rate in the preconstruction period.
Graf paid out a lot more than $2,000 per sq. foot for the penthouse. The sale closed in August but the deed was recorded in Miami-Dade County this 7 days, information present.
Invoice Hernandez and Bryan Sereny of Douglas Elliman, who declined to remark, represented Langer, according to Realtor.com. Mariam Kaira with Optimar Intercontinental Realty represented Graf. The penthouse was on the marketplace for about $15 million.
Johann Graf is really worth shut to $5 billion, according to Forbes. He owns Austria-dependent Novomatic Team, a casino operator that also sells slot machines and other gaming machines. Novomatic has about 2,000 casinos about the entire world, several of which are Admiral Casinos.
His son’s Sunny Isles Seashore condominium includes a just about 2,700-square-foot rooftop terrace, a second terrace, 4 parking areas and two summer kitchens. In 2020, the developers scored a legal victory with a prospective buyer who experienced alleged the development group misrepresented the measurement of condos in marketing and advertising products.
Langer is founder and CEO of Brooklyn-based mostly financial commitment and management agency E&M Associates. Langer’s business has been promoting houses since 2018. Last year, tenants in one of the buildings he held sued over house violations and reimbursements tied to a fire at the creating.
