Alejandro Gershanik Acquires 21-Unit Multifamily Portfolio From K&M Apartments For $3.45M
570 Northeast 145th Street, Northeast 149th Street & 16178 Northeast 19th Place
$3,450,000
$212/SF
Building Size
16,250 SF
Asset Type
MultiFamily
Closing
Nov 25, 2025
AI
A multifamily portfolio consisting of three properties located at 570 Northeast 145th Street, 555-565 NE 149th Street, and 16178 Northeast 19th Place was sold for $3,450,000. The total portfolio comprises 21 units with a price per unit of $164,286. The combined square footage of the properties is 16,250, resulting in a price per square foot of $212.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Buyer: Alejandro Gershanik
- Seller: Keith & Michelle Hall - K&M Apartments Inc
- Buyer's Representative: Alejandro Gershanik - BM2 Realty
- Seller's Representative: Hernando Perez - Horvath & Tremblay
- Number of Units: 21
- Market: North Miami, Miami & North Miami Beach
The closed sale prices for each property within the portfolio include 16178 NE 19th Pl (6-unit) sold for $1,045,000, 555-565 NE 149th St. (8-unit) sold for $1,320,000, and 570 NE 145th Street (7-unit) sold for $1,085,000, contributing to a total of $3,450,000 for the entire transaction.
Players
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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93