22 Northeast 59th Street Miami, FL 33137
Multifamily property in urban center zone, suitable for mixed-use development.
Property Features for 22 Northeast 59th Street
General Information
- Standard status
- Active
- Size
- 2,669 SF
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1930
Listing office Coldwell Banker Realty (305) 931-8266
Listing date Jun 21, 2024
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location
- T5‑R‑URBAN CENTER ZONE
- Mixed‑use potential (Residential, Commercial, Multi‑family)
Local Financial Insights For Multifamily LT 5
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 | $81.7k | $30.60 |
| − Vacancy | −$5.2k | −$1.95 |
| EGI | $76.5k | $28.65 |
| − OpEx | −$22.9k | −$8.60 |
| NOI | $53.5k | $20.06 |
