Grand Island Portfolio
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Grand Island Portfolio
2 Multifamily Properties Offered at $24,200,000 in Multiple Locations
Investment Highlights
- Grand Island Portfolio is comprised of 2 properties 110 units, located in the heart of North Miami Beach.
- The portfolio consists of 110 multifamily units, with a mix of large 1 & 2 bedroom apartments.
Executive Summary
THIS IS A PORTFOLIO SALE OF 2 PROPERTIES LOCATED IN NORTH MIAMI BEACH, TOTAL 110 UNITS
Purchase both or separately
Grand Island Portfolio
1495 NE 167th = 60 units
2350 NE 173rd = 50 units
Grand Island Portfolio is comprised of 2 properties located in the heart of North Miami Beach. The portfolio consists of 110 multifamily units, with a mix of large 1 & 2 bedroom apartments. Grand Island is an excellent value add investment.
North Miami Beach is a rapidly evolving market, offering significant upside for investors looking to capture value. With new businesses, cultural amenities, and infrastructural improvements, the area is positioned as a prime neighborhood for growth.
Purchase both or separately
Grand Island Portfolio
1495 NE 167th = 60 units
2350 NE 173rd = 50 units
Grand Island Portfolio is comprised of 2 properties located in the heart of North Miami Beach. The portfolio consists of 110 multifamily units, with a mix of large 1 & 2 bedroom apartments. Grand Island is an excellent value add investment.
North Miami Beach is a rapidly evolving market, offering significant upside for investors looking to capture value. With new businesses, cultural amenities, and infrastructural improvements, the area is positioned as a prime neighborhood for growth.
Taxes & Operating Expenses (Pro forma - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$2,500,000
|
| Other Income |
$25,000
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$2,525,000
|
| Taxes |
$250,000
|
| Operating Expenses |
$575,000
|
| Total Expenses |
$825,000
|
| Net Operating Income |
$1,700,000
|
Taxes & Operating Expenses (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $2,500,000 |
| Other Income | |
|---|---|
| Annual | $25,000 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,525,000 |
| Taxes | |
|---|---|
| Annual | $250,000 |
| Operating Expenses | |
|---|---|
| Annual | $575,000 |
| Total Expenses | |
|---|---|
| Annual | $825,000 |
| Net Operating Income | |
|---|---|
| Annual | $1,700,000 |
Property Facts
| Price | $24,200,000 | Number of Properties | 2 |
| Price / SF | $174.32 / SF | Individually For Sale | 0 |
| Cap Rate | 4.78% | Total Building Size | 138,826 SF |
| Sale Type | Investment | Total Land Area | 3.05 AC |
| Status | Active |
| Price | $24,200,000 |
| Price / SF | $174.32 / SF |
| Cap Rate | 4.78% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 138,826 SF |
| Total Land Area | 3.05 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Grand Island Place III
2350 NE 173rd St, North Miami Beach, FL 33160 |
Multifamily | 39,957 SF | 1969 | - |
|
Grand Island Place II
1495 NE 167th St, Miami, FL 33162 |
Multifamily | 98,869 SF | 1960 | - |
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Grand Island Portfolio
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