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Shay Kostiner Sells Star Island Lot For $10 Million

Shay Kostiner Sells 44 Star Island Lot For $10 Million

June 14, 2020

Shay Kostiner, managing director of Fifth Avenue Capital Partners, has sold his vacant lot at 44 Star Island for $10 million to Hartstone Investments. Techrin Hijazi of Brown Harris Stevens, who had previously co-listed the property, represented the buyer and seller in the transaction. The pie shaped lot covers 1.1 acres with 209’ of waterfront. The transaction includes plans for a 27,000 SF mansion with 9 bedrooms and an 8 car garage designed by DOMO Architecture and Design. Kostiner first acquired the property in 2010 for $7.25 million and was met with backlash when he went to demolish the vintage monterey style estate before gaining approvals. He first listed the property for $24 million in 2016.

In Acquisitions, Luxury Real Estate, Miami Beach, News, Residential, Sales Update, South Beach, Traded Tags Fifth Avenue Capital Partners, 44 Star Island, Shay Kostiner, DOMO Architecture + Design, Techrin Hijazi, Brown Harris Stevens, Sales Update, Traded, Closed, Acquisitions, Hartstone Investments, Luxury Real Estate, News, Residential, Miami Beach, South Beach, Star Island, Featured
← BGI Capital Announces Expansion to Palm Beach County and a New Managing Director, Gregory J. LaskodyOKO Group's Vladislav Doronin Buys Fort Lauderdale Assemblage for $63 Million →

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