27 Capital And Folchi Capital Acquire 20-unit Multifamily Property In North Beach For $3.6M

7717 Byron Ave, located in the North Beach market, has been sold. The multifamily property was purchased by 27 Capital, represented by Arash Gohari, and Folchi Capital, represented by Yosef Zavulunov. The sale price for this transaction was $3,600,000 with a total of 20 units, resulting in a price per unit of $180,000. The property spans across 10,809 square feet, making the price per square foot $333.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Address: 7717 Byron Ave
• Market: North Beach
• Buyer: 27 Capital - Arash Gohari and Folchi Capital - Yosef Zavulunov
• Units: 20
• PPU: $180,000
• Square Footage: 10,809
• PPSF: $333

The buyers, Arash Gohari and Yosef Zavulunov, both represented their respective companies, 27 Capital and Folchi Capital, in the acquisition of this North Beach multifamily property. The purchase included 7717 and 7725 Byron Avenue, combining to a total of 20 units. The buyers expressed their ongoing interest in acquiring both value-add and ground-up deals throughout South Florida.