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429 Sw 23 Rd

Drew Levey And Avi Kalatsky Acquire Multifamily Asset In Miami For $6,000,000 From Alejandro Gershanik
SOLDMultiFamily

Drew Levey And Avi Kalatsky Acquire Multifamily Asset In Miami For $6,000,000 From Alejandro Gershanik

429 Sw 23 Rd

$6,000,000

$330/SF

Building Size

18,156 SF

Asset Type

MultiFamily

Closing

Mar 23, 2026

AI

The transaction involves a multi-family asset located at 420 Nw 10th St in the Miami market. The property spans 18,156 square feet and was sold for a total price of $6,000,000.00.

Summary of transaction details:

The deal highlighted the collaboration between the brokers Arthur Porosoff and Alejandro Gershanik, representing the seller in this transaction. The buyers, Drew Levey and Avi Kalatsky, are also key individuals in this closed property deal.

Players

Alejandro Gershanik

BM2 Realty

Broker

$118.4M

vol

39 deals

Broker

Drew Levey

Buyer

$14.5M

vol

3 deals

Buyer
Alejandro Gershanik

Alejandro Gershanik

Seller

$118.4M

vol

39 deals

Seller

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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93