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Matan Greenberg Purchases 8-Unit Multifamily Property From Victor Benatar For $1.725M In North Miami

Property Image
SOLD
$1,725,000
Ron Mann

Florida

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Property Image
SOLD

Matan Greenberg Purchases 8-Unit Multifamily Property From Victor Benatar For $1.725M In North Miami

1217 Northeast 127th Street

See Similar Deals
MultiFamily10,000 SF
Sold 12/23/2025
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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.

Players

Ron Mann
10 deals$31.6M volume(305) 490-1404
BROKER

Karley Chynces
Sotheby's International Realty
2 deals$3M volume
BROKER

Sotheby's International Realty
BROKERAGE

Details

SOLD
IMAGE: Ron Mann & Karley Chynces DATE: 12/23/2025 ADDRESS: 1217 Northeast 127th Street MARKET: North Miami ASSET TYPE: Multifamily BUYER: Matan Greenberg SELLER: Victor Benatar SELLER'S REP: Ron Mann - MCG Realty Advisors (@MCGRealtyAdvisors); Karley Chynces - ONE Sotheby's International Realty (@ONESIR) SALE PRICE: $1,725,000 UNITS: 8 ~ PPU: $215,625 SF: 10,000 ~ PPSF: $172 NOTE FROM SELLER'S REP: “Ron Mann represented the seller in the sale of a truly unique 8-unit multifamily property located in the burgeoning North Miami submarket. Having also represented the seller in the original acquisition four years earlier, Ron helped deliver a significant financial gain for the owner"

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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