Marcus & Millichap Sells Multifamily Property In Miami Beach For $4.52M With Seller's Reps Arash Gohari & Lee Cohen

A multifamily property located at 7291 Gary Ave in Miami Beach was recently sold for a total price of $4,520,000. The property consists of 18 units, with an average price per unit of $251,111. The total square footage of the property is 11,975, resulting in a price per square foot of $377.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,520,000
• Units: 18
• Price per Unit: $251,111
• Square Footage: 11,975
• Price per Square Foot: $377
• Address: 7291 Gary Ave, Miami Beach

The sellers of the property were Arash Gohari from 27 Capital and Lee Cohen from RedHoek+Partners. The transaction was facilitated by brokers Joseph Thomas, Adam Duncan, and Alec Demetriou, who represented the sellers through Marcus & Millichap. It is worth noting that the property was bought exactly 1 year ago, according to the sellers.