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1315 NE Miami Court
Miami, FL 33132
Asking Price
$19.00M
Asset Type
Land
Class
Class B
What's Special
Land | 0.605 acres <ul><li>APPROVED AND BUILDABLE - 378 multifamily units across 50 stories, with site plan in hand</li><li>CASH FLOWING COVERED LAND - A 35 unit, fully occupied apartment building generates revenue during predevelopment</li><li>ADJACENT TO A GENERATIONAL PUBLIC ASSET - The Signature Bridge and Underdeck Park, a mile long, $840M linear park, front the property</li><li>BEST IN CLASS TRANSIT ADDRESS - Steps from the Adrienne Arsht Metromover Station; minutes from Brightline MiamiCentral and the M
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NOI
$80,000
Cap Rate
0.42%
DSCR
0.07
Underwater
Cash-on-Cash
-18.39%
Monthly Payment
$94,001.633
Annual Cash Flow
$-1,048,019.599
