Marcel Safar and 407 Ocean Boulevard, Golden Beach (Lifestyle Production Group)

Marcel Safar and 407 Ocean Boulevard, Golden Seashore (Life style Production Group)

Updated, Jan. 8, 2:10 p.m.: Two authentic estate honchos offered an oceanfront Golden Seashore residence for $5.7 million, The Real Offer has figured out.

407 Ocean LLC sold the residence at 407 Ocean Boulevard to MJ Ocean LLC, a Florida corporation managed by Meir Elfassy.

The selling entity is managed by Marcel Safar and Marie-Christine Solal. Safar is a founding spouse at Chevron Partners, a Boston-based actual estate progress, investment, asset and property management organization, according to its web site. Solal is a Miami-dependent handling director at Fulton, a actual estate improvement business dependent in Paris, according to her Linkedin.

Robert Burstein of Just one Professional True Estate represented the sellers, though Eli Eskenazi represented the potential buyers, along with Danielle Elfassy of One particular Sotheby’s International Realty and Jonathan Mann of Coldwell Banker.

In accordance to Danielle Elfassy, Meir Elfassy is the past president of the outerwear manufacturer Mackage, and is now an trader.

Residence information clearly show Safar and Solal acquired the property, created in 1941, for $4.7 million in 2017.

According to Eskenazi, the sellers initially supposed to tear down the residence and establish a new one particular, but determined in opposition to it.

Eskenazi declined to disclose the buyers’ identification. The consumers approach to transform the residence with Eskenazi’s Artek Design and style Corp., as a substitute of wholly demolishing it, Eskenazi explained.

The 4,887-sq.-foot household has three bedrooms and two bogs, in accordance to residence information. It sits on a about .3-acre great deal with immediate entry to the ocean. Subsequent door is a ton owned by billionaire genuine estate developer Ben Ashkenazy, which has been on the sector considering the fact that 2019.

Just lately in Golden Seashore, the founder of a London-centered hedge fund bought a substantial oceanfront good deal for $24 million, and the co-founder of a true estate investment company bought a waterfront for $5.3 million.