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
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