People may wonder why I am posting an article on a real estate forum on a Major League Baseball Player,,,,,, Well it’s because Alex Rodriguez is one of my favorite baseball players, I am a HUGE Yankee Fan, and it is a piece of REAL ESTATE that he is selling. So thank you for indulging me and allowing me to enjoy and share a little baseball news in the baseball off season.
By Erika Riggs December 11, 2013 7:15 PM
While Alex Rodriguez waits out his battle against Major League Baseball — he’s suing the MLB for “destroying his reputation, ruining his endorsement deals and making it impossible for him to finish his Yankees contract” — he’s still playing the real estate game. The embattled shortstop and one-time highest paid baseball player has listed a condo he bought just six months ago.
It’s up for debate as to why A-Rod is selling his home. Although he renovated the condo, hiring “world-renowned Briggs Edward Solomon,” he’s listed it for $3.2 million — only $1 million more than what he paid for the place. With broker fees, taxes and the cost of flipping the unit, Rodriguez would not make a huge profit. He did, however, make a much bigger profit on the sale of his $30 million custom home, which he unloaded just a month before buying the condo.
Rodriguez’s luxe condo is in the Mei Building on Millionaire’s Row in Miami Beach. The Asian-inspired building at 5875 Collins Ave includes high-end amenities such as an enormous fitness center, spa, infinity pool, 24-hour concierge and valet parking. His unit in particular has 3 bedrooms and 4 baths on a 1,725-square-foot floor plan. Wraparound balconies have views of the ocean.
People may wonder why I am posting an article on a real estate forum on a Major League Baseball Player,,,,,, Well it’s because Alex Rodriguez is one of my favorite baseball players, I am a HUGE Yankee Fan, and it is a piece of REAL ESTATE that he is selling. So thank you for indulging me and allowing me to enjoy and share a little baseball news in the baseball off season.
By Erika Riggs December 11, 2013 7:15 PM
While Alex Rodriguez waits out his battle against Major League Baseball — he’s suing the MLB for “destroying his reputation, ruining his endorsement deals and making it impossible for him to finish his Yankees contract” — he’s still playing the real estate game. The embattled shortstop and one-time highest paid baseball player has listed a condo he bought just six months ago.
It’s up for debate as to why A-Rod is selling his home. Although he renovated the condo, hiring “world-renowned Briggs Edward Solomon,” he’s listed it for $3.2 million — only $1 million more than what he paid for the place. With broker fees, taxes and the cost of flipping the unit, Rodriguez would not make a huge profit. He did, however, make a much bigger profit on the sale of his $30 million custom home, which he unloaded just a month before buying the condo.
Rodriguez’s luxe condo is in the Mei Building on Millionaire’s Row in Miami Beach. The Asian-inspired building at 5875 Collins Ave includes high-end amenities such as an enormous fitness center, spa, infinity pool, 24-hour concierge and valet parking. His unit in particular has 3 bedrooms and 4 baths on a 1,725-square-foot floor plan. Wraparound balconies have views of the ocean.
Happy Investing and GO YANKEES!
Matt W.