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16890 Northeast 21st Avenue

Alejandro Gershanik Acquires Multifamily Property In North Miami Beach For $2,150,000
SOLDMultiFamily

Alejandro Gershanik Acquires Multifamily Property In North Miami Beach For $2,150,000

16890 Northeast 21st Avenue

$2,150,000

$325/SF

Building Size

6,600 SF

Asset Type

MultiFamily

Closing

Jul 10, 2026

AI

The transaction involves a multifamily property located at 16890 Northeast 21st Avenue in North Miami Beach. This asset consists of 10 units and spans 6,600 square feet, with a price per unit of $215,000 and a price per square foot of $325. The total sale price for the property was $2,150,000.

Summary of transaction details:

This transaction was facilitated by Joseph Thomas and Alec Demetriou, who represent Marcus & Millichap. They played a key role in connecting the buyer, Alejandro Gershanik, with the seller, Jacob Ohayon, to successfully complete the property sale.

Players

Joseph Thomas

Marcus & Millichap

Broker

$379.4M

vol

54 deals

Broker
Alejandro Gershanik

Alejandro Gershanik

Buyer

$106M

vol

36 deals

Buyer
Jacob Ohayon

Jacob Ohayon

Seller

$110.6M

vol

17 deals

Seller

North Miami Beach 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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93