3470 E Coast Ave H1404 Miami, FL 33137
Two-bedroom corner unit with open views and abundant natural light.
Property Features for 3470 E Coast Ave H1404
General Information
- Standard status
- Active
- Size
- 1,242 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2007
Listing office Cardenas Larocca Real Estate LLC (305) 562-0631
Listing date Dec 8, 2024
Source Exitrealty
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 Cardenas Larocca Real Estate LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Midtown location: Walk to Design District, Wynwood, nightlife, restaurants, shopping, dog parks, and transit.
- Bright corner unit with open north exposure offering views of Biscayne Bay and sunsets.
- Spacious two‑bedroom floorplan featuring a separate den/office and split layout.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.7k | $36.00 |
| − Vacancy | −$3.0k | −$2.41 |
| EGI | $41.7k | $33.59 |
| − OpEx | −$18.8k | −$15.11 |
| NOI | $22.9k | $18.47 |
