Ronen Shiponi Purchases Multifamily Asset In North Miami Beach For $2,705,000 With Brokers Joseph Thomas & Alec Demetriou
17150 Northeast 23rd Avenue
$2,705,000
$283/SF
Building Size
9,550 SF
Asset Type
MultiFamily
Closing
May 23, 2026
AI
The multifamily property located at 17150 Northeast 23rd Avenue in North Miami Beach has been sold for $2,705,000. This asset comprises 12 units, with a price per unit of $225,416. The property spans a total square footage of 9,550.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,705,000
- Units: 12
- Price Per Unit: $225,416
- Square Feet: 9,550
- Buyer: Ronen Shiponi
- Seller: Jacob Ohayon
- Brokers: Joseph Thomas & Alec Demetriou - Marcus & Millichap
The transaction is represented by Joseph Thomas and Alec Demetriou from Marcus & Millichap, acting on behalf of the seller, Jacob Ohayon, and facilitating the deal with the buyer, Ronen Shiponi.
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
5.86%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93