Interior
- Bathrooms
- 0
Active · MultiFamily
$25,000,000
1060 98 St, Bay Harbor Islands, FL 33154
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1956
- Lot size
- 33,750 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Premier Redevelopment Opportunity (Approx 33,750 SF). Zoned for multifamily, rental, condominium or apartments. Across from the new recreational & dog park. Currently three income producing buildings & zoning allows Multifamily / condo 65ft height. Perfect for a 1031 investor, medium sized builder, or for an investment portfolio. One-of-a-kind offering. Will not last!
Property location
Get Directions1060 98 St, Bay Harbor Islands, FL 33154
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Facts & features
Exterior & Structure
- Property type
- MultiFamily
- Year built
- 1956
- Lot size
- 33,750 sq ft
- Roof
- Concrete
- Construction
- Block
Parking
- Covered spaces
- 0
- Parking features
- Assigned
HOA, Community & Financials
- Security
- Smoke Detectors
- County
- Miami-Dade
- Days on market
- 107
- MLS listing ID
- A12006082
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$48,929
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $118,513/mo
- Down payment
- $6,250,000
- Loan amount
- $18,750,000
- Annual NOI
- $835,000
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.