Lennar’s Eric Feder and Sintavia’s Brian Neff individually acquired and bought a pair of Fisher Island condos — with the two discounts tied to the same Delaware business — for a whole of $27.6 million.
Documents exhibit LHOTSE LLC, the Delaware entity, offered unit 7181 at Palazzo Del Mare to Feder and his wife, Elizabeth Feder, for $11.8 million. The same Delaware entity bought unit 7133 in the same building from Sintavia CEO Neff and his wife, Jana Neff, for $15.8 million, according to documents.
Cyril Matz of Douglas Elliman represented both equally the buyers and the seller in the deal for device 7181.
Martin Alex Weinstein Diaz signed the deed with the Feders, and each deeds website link to the address of a Miami household he purchased for $5.3 million in October.
Neff’s Fort Lauderdale-based mostly Sintavia makes use of 3D printing strategies to manufacture components for aerospace, defense and house industry machinery. Lockheed Martin invested in the firm in June, according to a press launch.
Feder is president of Lenˣ, Miami-based Lennar’s enterprise capital division. Right before signing up for the homebuilding giant, he was a vice president with Rialto Cash from 2008 to 2018. In 2022, he and his wife marketed a waterfront Aventura residence for $11.9 million.
The Palazzo del Mare unit the Feders bought spans approximately 3,700 sq. toes, with four bedrooms, 4 bogs and a single fifty percent-bathroom, in accordance to house information. The Delaware entity experienced acquired the device for $5.8 million in 2014.
The unit the Delaware entity just purchased from the Neffs is just about double that measurement at 7,000 sq. ft. It includes four bedrooms, five loos and 1 fifty percent-bathroom. The Neffs bought it for $5.8 million in 2009, according to property information. While the deal closed off-market, Matz listed the condominium for $18.9 million in December of 2022, and dropped the inquiring cost to $16.9 million in June, Real estate agent.com exhibits. The listing was eradicated in November.
Palazzo Del Mare is a 10-story, 28-unit condominium on Fisher Island, a personal island off Miami Beach. Only obtainable by ferry, boat or helicopter, the island is just one of the wealthiest ZIP codes in the U.S., and is a popular enclave among the South Florida’s luxury prospective buyers.
Other modern discounts on Fisher Island consist of developer and pizza mogul Sal Lupoli’s $14.2 million purchase of a renovated condominium in October. In July, personal equity trader Michael Flacks purchased a unit for $24.2 million. That same month, rubbish mogul Patrick Dovigi sold a rental for $20 million.
