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Eighty Seven Park Lower Penthouse Sells for $18 Million to Tax motivated buyer from the Northeast
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·1 min read

David Martin’s Terra and its partners sold Lower Penthouse Unit 1702 to a tax-motivated domestic buyer from the Northeast planning to relocate permanently to South Florida, said Victoria Fisher and Juan Aluma of ONE Sotheby’s International Realty. Fisher and Aluma represented the buyer. Douglas Elliman represented the developer.

The 6,800-square-foot unit at Eighty Seven Park is made up of one full unit and a portion of another unit on the 17th floor. It has five bedrooms, five bathrooms, seven parking spaces, a large terrace, and high-end appliances, cabinets and doors, according to One Sotheby’s. It sold for $2,681 per square foot.   Terra’s partners on Eighty Seven Park include Bizzi & Partners, New Valley and Pacific Eagle.   The 18-story, 66-unit luxury tower is architect Piano’s first residential building in the Western Hemisphere. The developers recently paid off their $155 million Dollar construction loan for the luxury condominium tower, which they completed last year. Elliman is handling sales and marketing.   Amenities include a fitness center, pool, private garden, juice bar, wine bar and library.   Buyers at Eighty Seven Park include tennis pro Novak Djokovic, Jonathan Newhouse, chairman of the Condé Nast board and former CEO of Condé Nast International; as well as a music industry executive and a managing director of Goldman Sachs.