Waterfront Apartment Building with
1361 Northeast 27th Way Pompano Beach, FL 33062
1361 Northeast 27th Way, Pompano Beach, FL, 33062
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For Sale
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Waterfront apartment building with dock and ocean access.
Property Size4,547 SF
Price / SF$416.76
Days on Market67
Property Features for 1361 Northeast 27th Way
General Information
- Standard status
- Active
- Size
- 4,547 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing Agency
The Keyes Company Fort Lauderdale
Listed by
Ross Herman
Source
Crexi
Added: May 15 Checked: Jul 19 at 3:55 am
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 Keyes Company Fort Lauderdale
Investment Insights
Based on property information with market context.
Located east of Federal Hwy on deep water, this property offers dockage with no fixed bridge access to the ocean. The building contains 5 two-bedroom, one-bath units and 1 one-bedroom, one-bath unit, each equipped with central air conditioning. All units feature remodeled kitchens, bathrooms, and flooring. Five units include screened patios, while one has an enclosed patio. Additional upgrades encompass newer windows and doors, brick paver walkways, and aluminum railings. The dock is approximately 33 feet long and has water and electric available. Residents can enjoy waterway views and a short stroll to the beach, which is about 1/2 mile away. The building recertification was completed in 2021. The property size is 4547 square feet.
Key Highlights
- Deep water access with no fixed bridges to the ocean.
- Dock with water and electric, navigable to the Atlantic Ocean.
- Remodeled kitchens, bathrooms, and flooring in all units.
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 | $133.7k | $29.40 |
| − Vacancy | −$6.7k | −$1.47 |
| EGI | $127.0k | $27.93 |
| − OpEx | −$57.1k | −$12.57 |
| NOI | $69.8k | $15.36 |
4,547 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$997.8K
$873.1K – $1.16M
NOI $69,849 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,133 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Waterfront apartment building with dock and ocean access.
Where is this apartment building located?
The property is located at 1361 Northeast 27th Way Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Deep water access with no fixed bridges to the ocean.; Dock with water and electric, navigable to the Atlantic Ocean.; Remodeled kitchens, bathrooms, and flooring in all units.
