Miami Condo Market and Lifestyle Updates
Marc Bell Sells Setai Condo Unit for $12 Million

Marc Bell Sells Setai Condo Unit for $12 Million

by Sep Niakan | June 03, 2014

Marc Bell sold his condo on the 35th floor of the Setai building in South Beach for $12 million.

Up All Night South Beach, the company managed by Bell, sold his three bedroom, three bathroom condo unit on May 20. The company purchased the condo back in October 2012 for around $7.3 million. The luxury unit was previously listed for $15 million.

The buyer is Setai 3509 LLC, managed by Nafia Ergun Sefada. The company obtained a $5.5 million mortgage from BAC Florida Bank to purchase the 2,521-square-foot condo.

Eloy Carmenate, One Sotheby’s International Realty broker, and Jeffrey Miller, from Zilbert International Realty, arranged the sale.

Bell is a financier from Boca Raton, and is best known as the former CEO of FriendFinders Networks, owned by Penthouse. Bell is also a two-time Tony Award-winning producer.

 

Source: therealdeal.com

Photo credit: Marc Bell - nypost.comView - setaicondorentals.com Building - wikipedia.org

Recent posts

Real Estate News

Luxury Miami Condo Report: Dec 2017 and 2017 Annual Report

by Sep Niakan | January 21, 2018

Miami Luxury Condo Market Summary City and Neighborhood Luxury Condo Reports              Miami Beach Luxury Condo Report                        ...

Real Estate News

Monthly Pre-Construction Update - December 2017

by Sep Niakan | January 17, 2018

Taking a cue from the New Year and new beginnings, we saw the condo pre-construction market make three ground breakings this December. After months of silence, there was finally some hustle from developers at Resorts World Miami. Ritz-Carlton...

Lifestyle

Cheers to a New Year and New Beginnings…

by Sep Niakan | January 05, 2018

Welcome to the other side of the New Year! The side that’s made up of fresh energy, brand new ideas and a whole 365 days of infinite possibilities.   A lot of people consider January to be the month when the festive season and all its...

Lifestyle

Events for a Joyful January in Miami

by Sep Niakan | December 31, 2017

The Holiday season may be over, but the festivities don’t have to stop if you’re in Miami. Take a pick of your favorite music, art, fitness or film festival below and let the merriment continue into January 2018.   Miami Cruise...