Aby Rosen’s RFR buys third building on Biscayne Boulevard

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Aby Rosenit is RFR Holding struck again along Biscayne Boulevard, Miami’s main thoroughfare, buying a parcel adjacent to the one he purchased earlier this week.

The New York-based company lost $25 million on a 12-story office building in 141 NE 3rd Avenue, the property records show. The building is adjacent to a 241-room hotel that faces Biscayne Boulevard, which RFR bought earlier this week for $25.8 million.

RFR, co-edited with Michael Fuchsalso has another property along the boulevard, the 30 floors 100 Biscayne office building, which the company bought for $81 million in January.

Together, the three buildings form an L-shape at the corner of Biscayne Boulevard and NE 2nd Street. Only two buildings on the square block between NE 2nd Street, NE 3rd Avenue and Biscayne Boulevard remain outside RFR’s control, but the company’s plans for the properties remain unclear. A representative for RFR has yet to comment.

RFR’s latest purchase is 55,431 square feet. Seller, The Balogh Societies, has owned the property since 1978, when he paid $580,000 for the site, records show. A company representative did not immediately respond to a request for comment.

MSD Partners granted $20 million to finance the acquisition of RFP, in addition to the $107 million loaned for the other two purchases.

In New York, Aby Rosen is a prominent, but also controversial, personality with renowned properties, including the Seagram Building and Chrysler Building.

Shortly after purchasing the Seagram Building in 2014, he deleted Pablo Picassoof the “Le Tricorne” tapestry to the anger of art lovers and environmentalists. The work is now inside the New-York Historical Society.

Julia Echikson can be contacted at [email protected].


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