Luxury Lofts Near North
8035 ABBOTT AV Miami Beach, FL 33141
For Sale
Contact for pricing
Upgraded 20-unit multifamily property near Miami Beach.
Property Size13,410 SF
Price / SF$512.68
Days on Market891
Property Features for 8035 ABBOTT AV
General Information
- Standard status
- Active
- Size
- 13,410 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1945
Listing Agency:
Beachfront Realty, Inc. Miami Beach
(305) 405-0615
Listed By:
MARILINA APFELBAUM · License #0662372
Source:
Crexi
Added: Feb 14, 2024
Changed: Jul 6
Last Checked: Jul 22 at 5:07PM
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 Beachfront Realty, Inc. Miami Beach
Investment Insights
Based on property information with market context.
Anam Cara Lofts is a 6,705 square foot multifamily property featuring 20 upgraded units. Located moments from North Beach, this property offers a blend of style and comfort. The property was revitalized in 2022, with upgrades to the electrical, plumbing, and fire systems, as well as landscaping. Units feature stainless steel appliances and window treatments. The property is located in Miami Beach, Florida.
Key Highlights
- Fully renovated in 2022 including electrical, plumbing, fire system, and landscaping.
- Prime location near North Beach ensures high tenant demand.
- 20 meticulously upgraded units offering a blend of style and comfort.
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 | $392.6k | $29.28 |
| − Vacancy | −$17.7k | −$1.32 |
| EGI | $375.0k | $27.96 |
| − OpEx | −$168.7k | −$12.58 |
| NOI | $206.2k | $15.38 |
13,410 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.95M
$2.58M – $3.44M
NOI $206,237 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.80M
$5.95M – $7.94M
NOI $476,242 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Upgraded 20-unit multifamily property near Miami Beach.
Where is this apartment building located?
The property is located at 8035 ABBOTT AV Miami Beach, FL.
What is the asking price?
The asking price for this property is $6,875,000.
What are key features of this property?
This property features: Fully renovated in 2022 including electrical, plumbing, fire system, and landscaping.; Prime location near North Beach ensures high tenant demand.; 20 meticulously upgraded units offering a blend of style and comfort.
