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419 NE 19th Street
Miami, FL 33137
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 285 Units <ul><li>The FAA has approved the full ±641-foot height, the most the airspace allows at this location, and Fogarty Finger has carried it into a complete, buildable design. The buyer inherits an approved height and a finished set, not a rezoning bet.</li><li>The site fronts Margaret Pace Park and Biscayne Bay and sits within a short walk of two Metromover stations. Direct park-and-bay frontage of this kind is no longer available on Edgewater's remaining infill land.</li><li>The tower carries t
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
