New-Build Residential Condo with
For Sale
Contact for pricing
123 NW 14th St 201, Miami, FL 33136
New construction 1BR condo with high ceilings, large windows, private balcony, and secure elevator access.
Property Size10,800 SF
Price / SF$2.65
Days on Market148
Property Features for 123 NW 14th St 201
General Information
Standard status
Active
Size
10,800 SF
Property subtype
Commercial
Site & Location
Neighborhood
Media Art Entertainment
Building Details
Building Size
10,800 SF
Stories
4
Tenancy
Single
Listing Agency:
The Corcoran Group
Listed By:
Julian Johnston · License #3041178
(305) 877-9332
Source:
Elliman
Added: Jun 1
Changed: Oct 25
Last Checked: Oct 24 at 6:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Corcoran Group
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Investment Insights
Based on property information with market context.
Brand new construction offering a 1BR/1BA residence with high ceilings and huge windows designed to bring in abundant natural light. The unit includes a private balcony for indoor-outdoor living. Secure access is provided via a private elevator from street level, supporting privacy and convenience for daily entry.
The property is positioned in the heart of Miami with immediate access to major freeways. It is also described as being steps from neighborhood restaurants, a grocery store, and local amenities. Downstairs in the building, there is a juice bar. BikeScore is listed at 73, with WalkScore at 94 and TransitScore at 100.
For buyers looking for a turnkey, newly built residence with direct elevator access, the combination of interior light, a private balcony, and ample on-site private parking aligns well with tenant/buyer expectations for day-to-day usability. The building’s ground-floor juice bar adds convenient in-building retail access while keeping the residence entry secured. Flexible lease terms are noted as available.
The property is positioned in the heart of Miami with immediate access to major freeways. It is also described as being steps from neighborhood restaurants, a grocery store, and local amenities. Downstairs in the building, there is a juice bar. BikeScore is listed at 73, with WalkScore at 94 and TransitScore at 100.
For buyers looking for a turnkey, newly built residence with direct elevator access, the combination of interior light, a private balcony, and ample on-site private parking aligns well with tenant/buyer expectations for day-to-day usability. The building’s ground-floor juice bar adds convenient in-building retail access while keeping the residence entry secured. Flexible lease terms are noted as available.
Key Highlights
- 850 SF 1BR/1BA condo in new construction in Miami
- High ceilings and huge windows for abundant natural light
- Private balcony for indoor‑outdoor living
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,702
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,040
$314.0K
Cap Rate 7%
$224,314
$224.3K
Cap Rate 9%
$174,467
$174.5K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$30.6K $36.00/SF
− Vacancy
−$2.1K −$2.41/SF
EGI
$28.5K $33.59/SF
− OpEx
−$12.8K −$15.11/SF
NOI
$15.7K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,040
Cap Rate 7%
$224,314
Cap Rate 9%
$174,467
Alternative Uses
Best Use
Specialty Retail
$573.8K
$502.0K – $669.4K
NOI $40,163 @ 7.0% cap · market cap 1,785.02%
Second Best
Apartment 5plus
$224.3K
$196.3K – $261.7K
NOI $15,702 @ 7.0% cap · market cap 697.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,307
Businesses Nearby
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Business Placement
Demographics for 33136, FL
15,439
Population
7,994
Households
1.9
Avg Household Size
36
Median Age
25%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
11,028
Density / Sq Mi
$43,481
Median Household Income
$34,130
Median Earnings
$1,337
Median Rent
$352,700
Median Home Value
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Residential income property - New construction 1BR condo with high ceilings, large windows, private balcony, and secure elevator access.
Where is this residential income property located?
The property is located at 123 NW 14th St 201 Miami, FL.
What are key features of this property?
This property features: 850 SF 1BR/1BA condo in new construction in Miami; High ceilings and huge windows for abundant natural light; Private balcony for indoor‑outdoor living
