Biscayne Heights, 632 NE 85th St
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OFF MARKET
$12,250,000
1.34
AcreStatus
OFF MARKETExpired
Size
1.34 Acres (5,400 m2)
Price
$9,141,791/Acre ($2,269/m2)
Type
Land
MLS Number
A11315476
On Site
1371 Days
Updated
1313 Days ago
Page Views
0
632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. 25 residential units & 1 retail space in place, NOI $182,468 currently in place. Rents from $875 to $1,550/mo. with space to increase. Properties allow 118 buildable units with direct access to Biscayne Blvd., with a steady cash flow while the project is developed. There's the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildable units.
Features
All features
- Current Use: Other
- Property SqFt: 58125
- Remarks: 632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58, 125 SF of land. 25 residential units & 1 retail space in place, NOI $182, 468 currently in place. Rents from $875 to $1, 550/mo. with space to increase. Properties allow 118 buildable units with direct access to Biscayne Blvd., with a steady cash flow while the project is developed. There's the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildable units.
- Internet Remarks: 632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58, 125 SF of land. 25 residential units & 1 retail space in place, NOI $182, 468 currently in place. Rents from $875 to $1, 550/mo. with space to increase. Properties allow 118 buildable units with direct access to Biscayne Blvd., with a steady cash flow while the project is developed. There's the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildable units.
- Waterfront: No info
- Days on Market: 57
- Compass Point: NE
- Office Name: Global Investments Realty
- Area: 58125
- Taxes: 32124
- Tax Year: 2021
- Listing Date: 2022-12-14T11:40:06.787-00:00
- Lot Size Square Feet: 58125
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
12/14/2022
Listed
$12.3M
 $211 ft2
$2,269 m2
12/14/2022
$12.3M
Event
Listed
Price Per
$211 ft2
$2,269 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Joel Rodriguez • Global Investments Realty • Buyer Agency Compensation .
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Scores
73
100
47
100
54
100
75
100
0
100
32
100
1
100
Community Snapshot
5 – 5 BR
Bedrooms
$775K – $5M
Price Tier
786 - 6,754
SqFt Range
1943
Year Build
1
Total Floors
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