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1710 Southwest 27th Avenue

Jonathan Karlik Sells Multifamily Property At 1710 Southwest 27th Avenue In Miami For $12.6M
SOLDMultiFamily

Jonathan Karlik Sells Multifamily Property At 1710 Southwest 27th Avenue In Miami For $12.6M

1710 Southwest 27th Avenue

$12,600,000

$400/SF

Building Size

31,492 SF

Asset Type

MultiFamily

Closing

Dec 27, 2025

AI

The property asset involved in this transaction is a multifamily building located at 1710 Southwest 27th Avenue in Miami. It comprises 32 units, with a sale price of $12,600,000 and a price per unit of $393,750. The total square footage of the asset is 31,492, which equates to a price per square foot of $400.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $12,600,000
  • Units: 32
  • Price Per Unit: $393,750
  • Square Footage: 31,492
  • Price Per Square Foot: $400
  • Seller: Jonathan Karlik
  • Broker Representatives: Joseph Thomas & Adam Marcuvitz - Marcus & Millichap
  • Date of Transaction: 12/28/2025
  • Market: Miami

The transaction involved seller Jonathan Karlik, represented by brokers Joseph Thomas and Adam Marcuvitz from Marcus & Millichap. Their roles were crucial in the closing of this deal, efficiently managing the sales process within the Miami multifamily market.

Players

Adam Marcuvitz

Marcus & Millichap

Broker

$66.3M

vol

10 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
Jonathan Karlik

Jonathan Karlik

Seller

$6.9M

vol

1 deal

Seller

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

1.26%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93