Aby Rosen, Michael Fuchs, And David Edelstein Acquire Miami Beach Resi Condos From Ralph And Joseph Nakash For $10.8M

A package deal of residential condos located at 2201 Collins Avenue in Miami Beach has been sold for a total price of $10,800,000. The deal was completed on 02/03/2021 and involved the sale of 12 units. The purchase price per unit (PPU) was $900,000. The buyers of the property were Aby Rosen and Michael Fuchs from RFR Holding, along with David Edelstein from Tricap. They acquired the package deal from Ralph and Joseph Nakash, who represent Jordache Enterprises.

Summary of transaction details

• Property Type: Package Deal - Resi Condos
• Transaction Amount: $10,800,000
• Address: 2201 Collins Avenue, Miami Beach
• Market: Miami Beach
• Buyers: Aby Rosen & Michael Fuchs - RFR Holding, David Edelstein - Tricap
• Sellers: Ralph & Joseph Nakash - Jordache Enterprises
• Units: 12
• PPU: $900,000

Aby Rosen and Michael Fuchs from RFR Holding, along with David Edelstein from Tricap, played a key role in this transaction. They successfully negotiated the purchase of the residential condos from Ralph and Joseph Nakash, who represented Jordache Enterprises. The buyers secured a package deal consisting of 12 units, with each unit priced at $900,000. This acquisition further strengthens the real estate portfolios of Aby Rosen, Michael Fuchs, and David Edelstein.