Terra and GFO’s Five Park sells last PH below asking for $19M

The last available penthouse at Terra and GFO Investment’s Five Park in Miami Beach sold for $18.5 million. Terra, led by David Martin, and Russell Galbut’s GFO were represented by Chris Wands, Angelica Garcia and Luiza Chimancio of Douglas Elliman. Matt Lill of the Corcoran Group brought the buyer, according to a news release. The deed has yet to appear in public records, and the buyer is unknown.  The deal equates to $3,053 per square foot.  The price falls short of the $21 million the unit listed for in July, but is in line with the $17.5 million paid by […]This article originally appeared on The Real Deal. Click here to read the full story.