Grand Island Portfolio 2 Multifamily Properties Offered at $23,100,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Grand Island Portfolio is comprised of 2 properties 110 units, located in the heart of North Miami Beach.
- The portfolio consists of 110 multifamily units, with a mix of large 1 & 2 bedroom apartments.
EXECUTIVE SUMMARY
THIS IS A PORTFOLIO SALE OF 2 PROPERTIES LOCATED IN NORTH MIAMI BEACH, TOTAL 110 UNITS
This is a value add potential in a prime location, major upside!!
Grand Island Portfolio: purchase together or separately~!
1495 NE 167th = 60 units ($12,650,000)
2350 NE 173rd = 50 units ($10,500,000)
Grand Island Portfolio is comprised of 2 properties located in the heart of North Miami Beach. The portfolio consists of 110 multifamily units, with a mix of large 1 & 2 bedroom apartments. Grand Island is an excellent value add investment.
North Miami Beach is a rapidly evolving market, offering significant upside for investors looking to capture value. With new businesses, cultural amenities, and infrastructural improvements, the area is positioned as a prime neighborhood for growth.
This is a value add potential in a prime location, major upside!!
Grand Island Portfolio: purchase together or separately~!
1495 NE 167th = 60 units ($12,650,000)
2350 NE 173rd = 50 units ($10,500,000)
Grand Island Portfolio is comprised of 2 properties located in the heart of North Miami Beach. The portfolio consists of 110 multifamily units, with a mix of large 1 & 2 bedroom apartments. Grand Island is an excellent value add investment.
North Miami Beach is a rapidly evolving market, offering significant upside for investors looking to capture value. With new businesses, cultural amenities, and infrastructural improvements, the area is positioned as a prime neighborhood for growth.
TAXES & OPERATING EXPENSES (PRO FORMA - 2026) |
ANNUAL |
|---|---|
| Gross Rental Income |
$2,574,000
|
| Other Income |
$30,000
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$2,604,000
|
| Taxes |
$250,000
|
| Operating Expenses |
$572,069
|
| Total Expenses |
$822,069
|
| Net Operating Income |
$1,781,931
|
PROPERTY FACTS
| Price | $23,100,000 |
| Price / SF | $166.40 / SF |
| Cap Rate | 5.11% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 138,826 SF |
| Total Land Area | 3.05 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Grand Island Place II
1495 NE 167th St, Miami, FL 33162 |
Multifamily | 98,869 SF | 1960 | - |
|
Grand Island Place III
2350 NE 173rd St, North Miami Beach, FL 33160 |
Multifamily | 39,957 SF | 1969 | - |
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CONTACT
-
Michael Matalon -
Burke Leighton Group
