West Brickell Area

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West Brickell Area

Miami, FL 33128
Asking Price
$13.00M
Asset Type
Multifamily
Class
Class B

What's Special

Located in the West Brickell area of Miami, Florida, this multifamily property sits in a transition zone between the high-rise financial district and the historic residential charm of Little Havana. The neighborhood offers a mix of urban density and local character, with immediate access to the Underline park, diverse dining options, and retail centers like Brickell City Centre. Transportation is a key feature, as the site provides convenient proximity to the Brickell Metrorail station, the Metromover system, and major arterial roads including I-95, facilitating commutes across the greater Miami metropolitan area. The asset is positioned for long-term residential use, catering to a professional tenant base seeking proximity to the Brickell urban core without the premium pricing of high-density waterfront towers. Typical residents include young professionals employed in the nearby financial and legal sectors, as well as service-industry staff supporting the local hospitality market. Given its central location and transit-oriented nature, the property is suitable for value-add renovation or stable long-term hold strategies. The site’s zoning and placement support high occupancy rates driven by the persistent demand for workforce and market-rate housing in Miami’s central business district periphery.

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NOI
$80,000
Cap Rate
0.62%
DSCR
0.10
Underwater
Cash-on-Cash
-17.74%
Monthly Payment
$64,316.907
Annual Cash Flow
$-691,802.883

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