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:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Units: 10
- Square Footage: 6,600
- Price Per Unit: $215,000
- Price Per Square Foot: $325
- Buyer: Alejandro Gershanik
- Seller: Jacob Ohayon
- Brokers: Joseph Thomas & Alec Demetriou - Marcus & Millichap
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
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