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
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