Multifamily Investment
1101 NE 80th St & 8000 NE Bayshore Ct Miami, FL 33138
1101 NE 80th St & 8000 NE Bayshore Ct, Miami, FL, 33138
$17,000,000
For Sale
$17,000,000
Two-building, 67-unit multifamily property in Miami.
Property Size39,307 SF
Price / SF$432.49
Days on Market113
Property Features for 1101 NE 80th St & 8000 NE Bayshore Ct
General Information
- Standard status
- Active
- Size
- 39,307 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing agency
(954) 312-1677
Listed by
Dan Dratch · License #FL #SL3341163
Source
Franklinst
Added: Apr 1 Updated: Jul 10 at 1:15PM Checked: Jul 10 at 1:15PM
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 Dan Dratch
Investment Insights
Based on property information with market context.
This multifamily investment opportunity comprises two buildings on the same block, marketed as a single property. The property contains a total of 67 units within a 39,307 square foot low-rise structure. Constructed in 1956, the property combines vintage character with a multifamily layout that performs well in an urban residential setting.
Key Highlights
- 67 Units: A meaningful scale for investment.
- Garden‑Style Configuration: A classic and appealing layout.
- Two Buildings, One Property: Marketed as a single cohesive property.
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 | $1.42M | $36.00 |
| − Vacancy | −$94.8k | −$2.41 |
| EGI | $1.32M | $33.59 |
| − OpEx | −$594.1k | −$15.11 |
| NOI | $726.1k | $18.47 |
39,307 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$10.37M
$9.08M – $12.10M
NOI $726,134 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$26.53M
$23.22M – $30.95M
NOI $1,857,273 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Two-building, 67-unit multifamily property in Miami.
Where is this apartment building located?
The property is located at 1101 NE 80th St & 8000 NE Bayshore Ct Miami, FL.
What is the asking price?
The asking price for this property is $17,000,000.
What are key features of this property?
This property features: 67 Units: A meaningful scale for investment.; Garden‑Style Configuration: A classic and appealing layout.; Two Buildings, One Property: Marketed as a single cohesive property.
