GGH 27 LLC Acquires Emerald Apartments In North Miami From Yoram Izhak For $3.8M

Emerald Apartments is a 20-unit waterfront multi-family property located at 13025-13035 Emerald Drive in North Miami. The property was sold for $3,800,000, translating to a price per unit of $190,000. Each unit ranges from 500 to 650 square feet, and the property is positioned to take advantage of rising rents within a market characterized by limited affordable inventory in the Biscayne corridor.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,800,000
• Buyer: GGH 27, LLC
• Seller: Yoram Izhak - IMC Equity Group
• Brokers: Calum Weaver & Perry Synanidis - CBRE
• Units: 20
• Price Per Unit: $190,000

Calum Weaver and Perry Synanidis from CBRE represented the seller, IMC Equity Group, in this transaction. Their involvement highlights the strategic role of brokerage firms in facilitating real estate deals, particularly in a growing market like North Miami.