770 83rd St Miami Beach, FL 33141
MULTI_FAMILY - Other - Miami Beach, FL
Property Features for 770 83rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 02-32-02-008-1240
- Size
- 3,423 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 2-3 53 42 BISCAYNE BEACH SUB PB 44-67 LOT 7 BLK 6 LOT SIZE 50.000 X 113 OR 15987-2338 0793 1
- Tax Annual Amount
- 16502
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Wall/Window Unit(s), Electric, Window Unit(s)
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Flooring type
- Terrazzo, Tile
- Building materials
- Block
- Roof type
- Flat, Tile
- Architectural style
- Other
Listing agent Leor Fidler License #3502040 (516) 580-2329
Listing office Silmar Realty 15807 Biscayne Blvd SUITE 205, North Miami, FL (786) 673-2880
Listing date Jul 13, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Miami Beach’s North Beach area, the property is described as being just steps from the Atlantic Ocean and close to North Beach Oceanside Park, spanning 79th to 86th Streets. The nearby park includes direct beach access, walking paths, outdoor fitness areas, and playground and recreational amenities.
The four apartments are positioned to appeal to tenants seeking a consistent, rental-friendly layout, with market proforma rents projected at $2,200 per unit.
Key Highlights
- Four‑unit multifamily property in Miami Beach’s North Beach neighborhood
- All units are 2‑bedroom, 1‑bathroom apartments
- Market proforma rents projected at $2,200 per unit
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 | $86.3k | $25.20 |
| − Vacancy | −$4.7k | −$1.39 |
| EGI | $81.5k | $23.81 |
| − OpEx | −$24.5k | −$7.14 |
| NOI | $57.1k | $16.67 |
