Updated Oct 13, 2026
Stormfield Capital Provides $3M Loan For Miami Beach Multifamily Acquisition
7291 Gary Avenue
$3,000,000
$195/SF
Building Size
15,340 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
About this deal
AI
A multifamily property located at 7291 Gary Avenue in Miami Beach has been involved in a recent transaction. The property consists of 18 units with a total square footage of 15,340. The transaction took place on 10/13/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 7291 Gary Avenue
- Market: Miami Beach
- Units: 18
- Total Square Footage: 15,340
The loan for the acquisition of the property was provided by Stormfield Capital. The loan amount was $3,000,000. Lee Cohen and Arash Gohari are the landlords involved in the transaction. Max Ralby from HKS Real Estate Advisors acted as the broker for the deal.
On the Map
$3,000,000
$195/SF
MultiFamily
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Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93