Marcus & Millichap Brokers $5.2M Sale of Multifamily Property in North Miami, Florida

NORTH MIAMI, Fla., June 8, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Parkview Apartments, a multifamily property in North Miami, Florida. The asset sold for $5.2 million.

“The sale of Parkview Apartments demonstrates how Marcus & Millichap’s platform helps sellers maximize value through broad market exposure and a competitive process,” said Felipe Echarte, senior managing director in Marcus & Millichap’s Fort Lauderdale Office. “Collaboration across offices helped connect the seller with a first-time buyer who recognized the strength of the North Miami location and paid a competitive market price.”

Echarte and Evan Kristol of Marcus & Millichap’s Fort Lauderdale office exclusively marketed the property on behalf of the seller, a private family office. John Friedman and Alex Zylberglait of Marcus & Millichap’s Miami office procured the buyer, Mariela Vasquez.

The four-story building has 19,008 rentable square feet and 24 units. All units are two-bedrooms with central air conditioning and heat, and the average unit size is 792 square feet. Built in 1969, Parkview Apartments recently underwent a $500,000 capital improvement program that included a new roof in 2023, renovations to 22 of the 24 units and additional common area upgrades. The property has gated, covered parking and is elevator-served.

Located at 12215 W Dixie Highway, the property is directly across from Griffing Park, and the immediate neighborhood is comprised of multifamily and commercial buildings. It is also close to Hard Rock Stadium, Miami International Airport and downtown Miami.

#     #     #

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.