Yoram Izhak Of IMC Equity Group Acquires Multifamily Asset From James Bernstein For $24.39M

IMC Equity Group acquired The Green House, a multifamily asset featuring 120 units located at 8440 South Dixie Highway in Miami, FL for a transaction price of $24.39 million. The property, constructed in 2005, encompasses 267,448 square feet and is approximately 95% occupied. It is situated on a county land lease adjacent to the Dadeland North Metrorail Station and includes retail elements on the premises. Under new ownership, exterior and common-area improvements are planned.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,390,000
• Address: 8440 South Dixie Highway
• Market: Miami, FL
• Units: 120
• Price per Unit: $203,250
• Square Feet: 267,448
• Price per Square Foot: $91
• Buyer: Yoram Izhak - IMC Equity Group
• Seller: James Bernstein - The Green Companies
• Lender: Amerant Bank
• Brokers: Roberto Pesant, Jose Mota & Wouter Lips - Cushman & Wakefield

The transaction involved key individuals including buyer Yoram Izhak from IMC Equity Group and seller James Bernstein representing The Green Companies. The brokerage team of Roberto Pesant, Jose Mota, and Wouter Lips from Cushman & Wakefield facilitated the negotiation and sale process. The asset is positioned for future enhancements post-acquisition.