Jonathan Karlik Sells Multifamily Property At 1710 Southwest 27th Avenue In Miami For $12.6M
SOLD
$12,600,000
Florida
See Similar DealsMultiFamily31,492 SF
Sold 12/28/2025
SOLD
Jonathan Karlik Sells Multifamily Property At 1710 Southwest 27th Avenue In Miami For $12.6M
1710 Southwest 27th Avenue
See Similar DealsMultiFamily31,492 SF
Sold 12/28/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$400
Total Square Footage:31,492 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$672,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,765.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,730.43
Annual Debt Service$716,765.14
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