Apogee just had its latest sale. Unit 1501, a four-bedroom, three-and-a-half-bath residence, was purchased by Mr. Jeffrey L. Gates, the founder and managing partner of Gates Capital Management and his husband Richard Michael Moran, a real estate agent at Douglas Elliman. Mr. Ramiro Garza was the previous owner. He listed this beautiful unit in August at $14 million, and Mr. Gates and Mr. Moran purchased it for $13.7 million.
Mr. Garza bought this condo in 2008 for $5.3 million. In 2009 he did some remodeling. This transaction shows that purchasing property in South of Fifth is an excellent investment.
Apogee is one of the ultra-luxury high-rise condominium projects in South of Fifth. It is 22 stories with only 68 units. The Related Group developed it in 2007. The renowned Sieger-Suarez Firm architecturally designed this building with interior design by the famous Yabu Pushelberg.
This property stands out in the crowd and is perfect to live in or purchase as an investment.