27 Capital, Adam Sasouness, Stephen Garchik, And Sydne Garchik Acquire Miami Beach Multifamily For $3.1M

The 16-unit multifamily property located at 934 Meridian Avenue in Miami Beach has been sold for $3,100,000. This value-add opportunity was acquired by Arash Gohari from 27 Capital, along with Adam Sasouness, Stephen Garchik, and Sydne Garchik. The sale price equates to approximately $193,750 per unit. The property spans a total of 7,168 square feet, resulting in a price per square foot of $432.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,100,000
• Units: 16
• Price Per Unit: $193,750
• Square Footage: 7,168
• Price Per Square Foot: $432
• Address: 934 Meridian Avenue, Miami Beach

The acquisition of this multifamily property aligns with the investment strategy of 27 South Florida Multifamily Opportunity Fund I. The fund aims to acquire value-add multifamily assets in South Florida, with a particular focus on location and value. Over the next three years, the fund plans to establish a portfolio of properties in this region.