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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:

  • 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.

Players

Hernando Perez

Horvath & Tremblay

Broker

$31.5M

vol

9 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage
Arash Gohari

Arash Gohari

Buyer

$87.2M

vol

12 deals

Buyer

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