Joe Khak Acquires Mixed-Use Property In Miami From Arthur Karlick For $3,000,000
1450 Northwest 17th Avenue
$3,000,000
$181/SF
Building Size
16,510 SF
Asset Type
Mixed-use
Closing
May 28, 2026
AI
The mixed-use property located at 1450 Northwest 17th Avenue in Miami has a sale price of $3,000,000. The asset encompasses a total square footage of 16,510, resulting in a price per square foot of $181.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Buyer: Joe Khak
- Seller: Arthur Karlick
- Brokers: Tomas Sulichin, Shani Maimoni, Minerva Arboleya & Andres Grossmann - RelatedISG International Realty
The Related Realty Commercial Division, under the leadership of Tomas Sulichin, facilitated the transaction by representing both the buyer and seller. The closing signifies the firm's active role within the Miami River corridor, a key area for commercial real estate in South Florida, while showcasing their expertise in managing complex transactions across Miami-Dade County and beyond.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93