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
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