Updated Jul 8, 2026
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $2,380,000
- Market: North Miami
- Units: 12
- Square Footage: 9,962
- Price Per Unit: $198,333
- Price Per Square Foot: $238
- Seller: JC Properties
- Seller's Representative: Hernando Perez - Horvath & Tremblay
- Buyer: Arash Gohari - 27 Capital
- Buyer's Representatives: Kristine Flook & Janet Crucet - Urbanize Properties
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.
On the Map
$2,380,000
$238/SF
MultiFamily
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Players
North Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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