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12287 Northeast 7th Avenue

Arash Gohari Purchases Multifamily Asset From Eric Liff In North Miami For $1.62M
SOLDMultiFamily

Arash Gohari Purchases Multifamily Asset From Eric Liff In North Miami For $1.62M

12287 Northeast 7th Avenue

$1,620,000

$308/SF

Building Size

5,256 SF

Asset Type

MultiFamily

Closing

Jul 8, 2025

AI

The multifamily asset located at 12287 Northeast 7th Avenue in North Miami has been sold for a price of $1,620,000. The property spans 5,256 square feet, resulting in a price per square foot of $308.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,620,000
  • Address: 12287 Northeast 7th Avenue
  • Market: North Miami
  • Square Footage: 5,256
  • Price per Square Foot: $308
  • Buyer: Arash Gohari
  • Seller: Eric Liff
  • Broker: Shelly Poston - Gridline Properties

In this transaction, Arash Gohari has purchased the property from Eric Liff, with Shelly Poston representing the broker, Gridline Properties, in the deal.

Players

Shelly Poston

Gridline Properties

Broker

$58.9M

vol

15 deals

Broker
Gridline Properties
Gridline PropertiesBrokerage
Arash Gohari

Arash Gohari

Buyer

$87.2M

vol

12 deals

Buyer

North Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.79%

Cash-on-Cash

-2.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93