Alan Safdiah And Joe Gershon Acquire Multifamily Property From Yoram Eliyau For $3.925M In Miami Beach

The property asset involved in this transaction is a multifamily building located at 7311 Gary Avenue in Miami Beach. It features 18 rental apartments and encompasses a total area of 15,430 square feet. The property was sold for a transaction amount of $3,925,000, resulting in a price per unit of $218,055 and a price per square foot of $254. The lot size is 15,000 square feet, situated in an area that is approximately 10 minutes walking distance from the beach and public tennis courts.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,925,000
• Units: 18
• Price Per Unit: $218,055
• Square Footage: 15,430
• Price Per Square Foot: $254
• Buyer: Alan Safdiah & Joe Gershon
• Seller: Yoram Eliyau
• Buyer’s Representative: Eli Eskenazi & Alan Eskenazi - Miles Goldstein Real Estate
• Seller’s Representative: Calum Weaver - CBRE
• Date of Transaction: 09/04/2024
• Market: Miami Beach

The key individuals involved in this transaction include the buyers, Alan Safdiah and Joe Gershon, and the seller, Yoram Eliyau. The buyer's representation was handled by Eli Eskenazi and Alan Eskenazi from Miles Goldstein Real Estate. On the selling side, Calum Weaver from CBRE represented Yoram Eliyau. This transaction signifies a continued interest in Miami Beach's multifamily market.