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1401 NE 108th Street
Miami, FL 33161
Asking Price
$12.75M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
1401 NE 108th Street, Miami, FL 33161 <ul><li>Entitlement Certainty: Local Zoning and Regulatory Approvals Are Already Complete. Resolution Z-23-23 Has Been Adopted, the Covenant is Recorded, and Rmd Zoning is in Place — Eliminating Years of Entitlement Risk and Allowing a Purchaser to Go Straight to Design.</li><li>Manageable Scale: At 177 Units, the Project is Large Enough to Be Institutionally Relevant Yet Compact Enough to Execute Efficiently.</li><li>Proven Submarket: The Biscayne Corridor is One of Miami's Most Fundamentall
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NOI
$80,000
Cap Rate
0.63%
DSCR
0.11
Underwater
Cash-on-Cash
-17.70%
Monthly Payment
$63,080.043
Annual Cash Flow
$-676,960.52
