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2365 Northeast 173rd Street

Updated Sep 14, 2026

Bilt advertisement
Jacques Bessoudo & Iser Rabinovitz Of Galium Capital Acquire Multifamily Property For $28.7M
SOLDMultiFamily

Jacques Bessoudo & Iser Rabinovitz Of Galium Capital Acquire Multifamily Property For $28.7M

2365 Northeast 173rd Street

$28,700,000

Units

156

Asset Type

MultiFamily

Closing

Sep 11, 2026

About this deal

AI

The multifamily asset sold is the Arbors Aventura apartment complex located at 365 Northeast 173rd Street in North Miami Beach, FL. This complex comprises 156 units and was acquired for $28,700,000, resulting in a per unit price of $183,974. The property was originally built in 1969 and is noted for its potential improvements under the new ownership.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $28,700,000
  • Units: 156
  • Price Per Unit: $183,974
  • Buyer: Jacques Bessoudo & Iser Rabinovitz - Galium Capital
  • Seller: Mavik Capital Management, Triangle Capital Group & Corinthian Capital Real Estate Partners
  • Broker: Tal Frydman - Newmark
  • Date of Transaction: 09/11/2026

Jacques Bessoudo and Iser Rabinovitz, representatives of Galium Capital, orchestrated the acquisition, which occurred despite challenging market conditions characterized by high interest rates and inflation. The purchasing firm intends to enhance the property’s value through renovations following its previous sale for $35.2 million in 2022.

Players

Tal Frydman

Newmark

Broker

$658.9M

vol

16 deals

Broker
Jacques Bessoudo

Jacques Bessoudo

Galium Capital

Buyer

$162.2M

vol

7 deals

Buyer
Mavik Capital Management
Mavik Capital ManagementBuyer
Triangle Capital Group
Triangle Capital GroupSeller

North Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $184K per unit across 156 units on a published $28.7M (2026).

Visit Tal Frydman to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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