A managing associate of a New York-based hedge fund purchased a apartment at Apogee in Miami Seaside for $13.7 million.
Data present Jeffrey L. Gates and his husband, Richard Michael Moran, purchased unit 1501 at 800 South Pointe Drive from Ramiro Garza.
Gates based Gates Capital Administration in 1996, and is a managing associate and a member of the funding committee, based on the agency’s web site. Moran is an actual property agent at Douglas Elliman, specializing in New York Metropolis and the Hamptons, based on the brokerage’s web site.
The 4,154-square-foot apartment offered for $3,286 per square foot.
Garza listed the unit in August for $14 million. Dora Puig with Luxe Dwelling Realty represented the vendor, and Ethan Pickett of Douglas Elliman represented the client.
Data present Garza bought the four-bedroom, three-and-a-half-bath apartment for $5.3 million in 2008, and reworked it in 2009. The Associated Group developed the 22-story, 68-unit Apogee in 2007.