facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

610 Northeast 123rd Street

Arash Gohari Of 27 Capital Acquires Multifamily Asset In North Miami For $2.38M
SOLDMultiFamily

Arash Gohari Of 27 Capital Acquires Multifamily Asset In North Miami For $2.38M

610 Northeast 123rd Street

$2,380,000

$238/SF

Building Size

9,962 SF

Asset Type

MultiFamily

Closing

Jan 10, 2025

AI

The property asset involved in this transaction is a multifamily unit located at 610 Northeast 123rd Street in North Miami. The sale price for this property was $2,380,000, comprising 12 units with a total square footage of 9,962. The price per unit was $198,333, while the price per square foot amounted to $238.

Summary of transaction details:

The deal involved key individuals, including Hernando Perez representing the seller JC Properties through Horvath & Tremblay. Arash Gohari represented the buyer 27 Capital, supported by Kristine Flook and Janet Crucet from Urbanize Properties as their representatives in the transaction.

Players

Hernando Perez

Horvath & Tremblay

Broker

$31.5M

vol

9 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage
Arash Gohari

Arash Gohari

27 Capital

Buyer

$91.6M

vol

14 deals

Buyer

North Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.67%

Cash-on-Cash

-1.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93