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496 Northeast 29th Street

Gabi Moshayev Aidan Birnbaum & Aaron Krawitz Of Bravo Property Trust Provide $170M Bridge Loan For Multifamily Asset In Miami
FINANCEDMultiFamily

Gabi Moshayev Aidan Birnbaum & Aaron Krawitz Of Bravo Property Trust Provide $170M Bridge Loan For Multifamily Asset In Miami

496 Northeast 29th Street

$170,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 13, 2025

AI

The property asset involved is a multifamily building located at 496 Northeast 29th Street in Edgewater, Miami. This asset comprises 134 units and is associated with a loan of $170,000,000, categorized as a bridge loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $170,000,000
  • Asset Address: 496 Northeast 29th Street
  • Market: Edgewater, Miami
  • Lender: Gabi Moshayev, Aidan Birnbaum & Aaron Krawitz - Bravo Property Trust
  • Landlord: Joseph Stern & Roni Benjamini - SBD | OAK; Adam Westreich - Hazelton Capital
  • Broker: Lillian Fried
  • Loan Type: Bridge

The transaction involved key individuals such as Gabi Moshayev, Aidan Birnbaum, and Aaron Krawitz, who served as lenders through Bravo Property Trust. The landlords in this transaction included Joseph Stern, Roni Benjamini from SBD | OAK, and Adam Westreich from Hazelton Capital. The broker representing the deal was Lillian Fried.

Players

Lillian Fried

Broker

$429.5M

vol

4 deals

Broker

Aaron Krawitz

Bravo Capital

Lender

$693.9M

vol

9 deals

Lender
Bravo Property Trust
Bravo Property TrustLender
Joseph Stern

Joseph Stern

SB Development

Landlord

$594.8M

vol

7 deals

Landlord

Miami 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

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93