Miami Condo Market and Lifestyle Updates
Johnny Rockets Building Used in Scarface Sells for $12.4 Million to New York Developers

Johnny Rockets Building Used in Scarface Sells for $12.4 Million to New York Developers

by Sep Niakan | March 27, 2015

The building used for the famous chainsaw scene in the movie Scarface, has recently sold for $12.4 million.

A company based out of Miami sold the 6,500 square-foot Ocean Drive property to an affiliate of the Infinity Group. Infinity is based out of New York, and is led by Steve Kassin. Dan Arev of Link Real Estate, based out of New York, and Moshe Popack, from YMP Real Estate, based out of Miami, brought Kassin in for the arrangement.

The 9,900 square-foot building at 728 Ocean Drive in Miami Beach is the current home of a Johnny Rockets restaurant.

“It’s an irreplaceable asset in an irreplaceable location,” Arev said.

Moshe Popack, who specializes in multifamily housing, who manages over 3,000 apartments on the East coast, brought Arev in on the purchase, according to Arev.

MER Ocean Drive is the seller of the Ocean Drive property, and is managed by Mario Scarpetta Gnecco.

The last time the property sold was back in May of 2011 for $8 million.

 

Source: therealdeal.com

Photo credit: Johnny Rockets Building - cachantravel.com

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