2660 NE 189th St Miami, FL 33180
1.86 acres approved for 327 multifamily units with retail.
Property Features for 2660 NE 189th St
General Information
- Standard status
- Active
- Size
- 36,494 SF
- Lot size
- 1.86 Acres
- Property subtype
- Commercial
Listing office Gridline Properties (786) 325-5647
Listing date May 21, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- Fully approved for a 327‑unit multifamily development with ground‑floor retail, enabling immediate development.
- ±1.86 acres in the heart of the Aventura submarket.
- UC‑MCI zoning permits a wide range of uses including multifamily, healthcare, office, retail, industrial, and mixed‑use development.
Local Financial Insights For Retail
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 | $1.90M | $51.96 |
| − Vacancy | −$195.3k | −$5.35 |
| EGI | $1.70M | $46.61 |
| − OpEx | −$510.3k | −$13.98 |
| NOI | $1.19M | $32.63 |
