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    159 NE 6Th St Miami, FL 33132

    Sponsored
    For Sale
    $849,000

    High Rise, Hotel Motel - Miami, FL

    Type:Hotel-Motel
    Property size:
    837 SF
    Days on Market:
    26
    Last Refresh:
    Jan 20 at 2:06 pm

    Property Features for 159 NE 6Th St

    General Information

    Property type
    Residential
    Property subtype
    Hotel-Motel
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    01-41-37-079-1320
    Parking features
    Garage, Valet
    Patio and Porch features
    Porch
    Interior features
    Bedroom On Main Level, Closet Cabinetry, Bar
    Exterior features
    Balcony, Porch
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    837 SF

    Taxes and HOA fees

    Expense value
    2100
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    2024
    Floors in Building
    51
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block
    Architectural style
    High Rise

    We can help!

    Listing Contact
    Jeffrey Abreu
    Jeffrey Abreu

    Fortune International Realty (305) 517-7553 [email protected]

    Listing agent Jeffrey Abreu (305) 400-6393 License #3267758

    Listing date Dec 26, 2025

    MLS# A11935384 Listing URL

    Copyright © 2026 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Natiivo Miami Residence For Sale

    This fully furnished Natiivo Miami residence, unit 4305, is approved for short-term rentals and licensed for daily, weekly, and monthly rentals, with the right to live there year-round without restrictions. The property is situated in a prime location in Downtown Miami, at the exit of Port of Miami, the Cruise Capital of the World, and across from the Arena, which hosts the Miami Heat and all concerts. It is also across the street from Bayside, Ultra Music Festival, and the Miami Boat Show. The building offers over 70,000 square feet of amenities, including five restaurants and bars, a full-service spa, a fitness center, a resort pool, and co-working offices with ballrooms. The property is 837 square feet and located at 159 NE 6th St, Miami, FL 33132.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Vaughn Real Estate ... Real Estate Agency

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.198086
    Latitude
    25.768252

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    FAQs

    What type of property is this?
    Hotel - Fully furnished Natiivo Miami residence approved for short-term rentals.
    Where is this hotel located?
    The property is located at 159 NE 6Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: - Short-term rentals approved with no restrictions; licensed for daily, weekly, and monthly rentals, and year-round living.; - Delivered fully furnished.; - Prime downtown Miami location near Port of Miami, FTX Arena (Miami Heat), Bayside, Ultra Music Festival, and Miami Boat Show.
    (954) 830-7552
    Request Owner's contact information
    159 NE 6Th St Miami, FL 33132
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    Miami, FL 33132
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    159 NE 6Th St Miami, FL 33132
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    We can help!
    Listing Contact
    Jeffrey Abreu
    Jeffrey Abreu
    Real Estate License ID: 3267758
    (954) 830-7552
    Learn more
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