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2151 NE 163rd St
North Miami Beach, FL 33162
NOMI Beach Residences · Land For Sale
·
1.09 AC
Investment Highlights
- Clear path to execution with in-place approvals for 456 unit 33-story luxury apartment project
- $2,789/unit (North Miami Beach Rent)
- +95% Occupancy (North Miami Beach Market)
- Aggressive zoning provides optionality to pivot from approved development
- +$3.50/PSF (North Miami Beach Rent)
- +25% Market Rent Growth
Property Facts
| Property Type | Land | Total Lot Size | 1.09 AC |
| Property Subtype | Commercial | No. Stories | 2 |
| Proposed Use | |||
| Zoning | MU/TC - MU/TC (Mixed-Use Town Center) - Core Sub Area | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.09 AC |
| No. Stories | 2 |
| Zoning | MU/TC - MU/TC (Mixed-Use Town Center) - Core Sub Area |
Description
Avison Young is pleased to exclusively offer for sale NOMI Beach Residences ("the Property"), a ±47,750 SF (1.10 AC), 2 parcel assemblage of land with existing approvals to construct an incredible luxury development encompassing 456 residential units across a single 33-story structure. Aggressive existing zoning also provides the optionality to either execute the approved plans or pivot to less vertical development. The Property is located at 2151 NE 163rd Street, ideally fronting NE 163rd Street and within proximity to Biscayne Boulevard and the Golden Glades interchange.
Property Taxes
| Parcel Numbers | Improvements Assessment | $15,254 | |
| Land Assessment | $5,730,000 | Total Assessment | $5,745,254 |
Property Taxes
Parcel Numbers
Land Assessment
$5,730,000
Improvements Assessment
$15,254
Total Assessment
$5,745,254
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