Updated Sep 14, 2026
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
North Miami Beach 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93