Matan Greenberg Purchases 8-Unit Multifamily Property From Victor Benatar For $1.725M In North Miami
SOLD
$1,725,000
Florida
See Similar DealsMultiFamily10,000 SF
Sold 12/23/2025
SOLD
Matan Greenberg Purchases 8-Unit Multifamily Property From Victor Benatar For $1.725M In North Miami
1217 Northeast 127th Street
See Similar DealsMultiFamily10,000 SF
Sold 12/23/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$172
Total Square Footage:10,000 SF
Transaction Type:Sale
This multifamily asset, located at 1217 Northeast 127th Street in North Miami, was sold for $1,725,000. The property consists of 8 units, totaling 10,000 square feet, with a price per unit of $215,625 and a price per square foot of $172.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Buyer: Matan Greenberg
- Seller: Victor Benatar
- Seller's Representative: Ron Mann - MCG Realty Advisors
- Seller's Representative: Karley Chynces - ONE Sotheby's International Realty
- Units: 8
- Square Footage: 10,000
- Price Per Unit: $215,625
- Price Per Square Foot: $172
Ron Mann and Karley Chynces represented the seller in this transaction. Ron Mann had also facilitated the original acquisition of the property four years prior, highlighting a significant financial gain for the seller during this recent sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$91,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,177.38
Annual Debt Service$98,128.56
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