Hedge funder buys Oceanfront Condo at Arte in Surfside for $13 Million

Emilio Bassini and Reina Marin Bassini with Arte Surfside. (Getty, Arte)

Published by The Real Deal South Florida, May 18, 2021

The co-founder of a New York-based hedge fund bought an Oceanfront Unit at Arte Surfside in the Town of Surfside, Florida for $13 million.

Records show Emilio Bassini bought unit 401 from SC 8955 LLC, a Delaware corporation. Alex Sapir, who leads the development firm Sapir Corp., signed the deed for the selling entity. Bassini is the managing principal and co-founder of Bassini & Co., a hedge fund based in New York. He is also a board member of The Prostate Cancer Foundation, according to its website.

The Condo sold for $2,497 per square foot. Miltiadis Kastanis of Douglas Elliman represented the seller, and Dina Goldentayer of the same brokerage represented the buyer. Property records show that the 4,788-square-foot unit has four bedrooms and four bathrooms.

In December of 2020, the Penthouse at Arte Surfside sold for $33 Million. Ivanka Trump and Jared Kushner are renting a unit at Arte.

Arte Surfside completed construction in 2020, it’s a luxury Boutique style Condo with a total of only 16 Residences and enjoys a prime Oceanfront location at 8955 Collins Avenue in the beautiful Town of Surfside, Florida, adjacent to Bal Harbour and only 2 Miles from Miami Beach. Arte Surfside was designed by Antonio Citterio and Patricia Viel with Kobi Karp Architecture & Interior Design.

Residences at Arte Surfside occupy a full Floor or half Floor, with very spacious Floor plans, featuring floor-to-ceiling Impact Windows and Doors, Contemporary design, spacious Terraces, private Elevator entry, premium interior finishes, and beautiful direct Ocean views.

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