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north miami beach assemblage redevelopment

$ 7,000,000
1861 NE 163rd St 1861 NE 163rd St 1854 NE 164th ST medical offices 1854 NE 164th ST north miami beach assemblage redevelopment

Property Description

We're sorry, but we couldn't find MLS # A11133246 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

1861 NE 163rd St

1861 NE 163rd St North Miami Beach, FL 33162

1861 NE 163rd St

1854 NE 164th ST

1854 NE 164th ST medical offices

1854 NE 164th ST north miami beach fl 33162

1854 NE 164th ST

north miami beach assemblage redevelopment

north miami beach assemblage redevelopment

Address Owner Name Building Lot Size Comps Adj Area Sq.Ft Lot Size Sq.Ft Last Sold
1854 NE 164th ST MAR- GUR 36 LLC 4806 14000 2151 NE 163 ST 24,958 25,792 Feb-19 $10,270,000 Qual on DOS, multi-parcel sale
1869 NE 163 ST MAR- GUR 36 LLC 5629 13160 1800 NE 168 ST 49,313 57,703 Jun-19 $8,000,000 Religious, charitable or benevolent organization
1861 NE 163 st MAR- GUR 36 LLC 2494 7840 2020 NE 163 ST 31,145 58,500 Dec-19 $6,000,000 Qual by exam of deed
12929 35000 1755 NE 164 ST 33,894 21,000 Mar-19 $4,900,000 Qual by exam of deed
1875 NE 167 ST 9,389 25,707 Jun-19 $2,350,000 Qual by exam of deed

Perfect investment opportunity and converted-land play in one of the most development-opportunity rich areas in Miami. The parcel of three buildings is within close proximity to a number of approved multi-story, mixed use high-rise developments. Current income ($125,000.00 net operating income) is from the three buildings which are fully leased at below market rents with 1-3 year terms remaining on leases. Proforma net income is $260,000.00.  Mixed Use (MU) District Zoning.

Immediately east of this assemblage developer Celal Ozkan’s project, “Skygarden,” will consist of a 341-unit multifamily building with 12,635 square feet of retail and 405 parking spaces.  Skygarden units will range from 593 square feet to 991 square feet. Furthermore, monthly rents will range from $2,100 to $2,750.  An affiliate co-owned by Ozkan paid $5.2 million for the 37,500-square-foot lot at 16300 Northeast 19th Avenue in November 2020.

In the summer of 2021, the City of North Miami Beach granted the approval for the construction of Canal Park West Tower, a 10-story office building planned to rise in the Eastern Shores district along the canal connected to Maule Lake.  The development of a 167-foot-tall glass-covered structure yielding 237,483 square feet of office space on a 90,000-square-foot, 2-acre parcel of land.  The proposed boat dock and walkway behind the structure should have nearly 300-feet of frontage along the waterway.

In early 2021 Michael and Gil Dezer get the final piece of the Intracostal Mall assemblage with the purchase of the 3 story office property from ASA College. Dezers are to replace the one-story, 234,000-square-foot Intracoastal Mall and the three-story Asa College office building with a development of more than 2 million square feet. Plans include 35-foot tall townhouses, 85-foot tall apartment buildings, and high-rises ranging between 160 feet to 495 feet in height. The amended code will also allow Dezer Development to build a 250-room hotel. the planning and zoning board also approved a 30-year-development agreement with Dezer Development for the project that will include 2,000 residential units, 375,000 square feet of retail, 200,000 square feet of office, the 250-room hotel, and a new canal.

State/County: ,
Zip: 33162
Country: United States
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Property Id : 6882
Price: $ 7,000,000
gas heat
ocean view
wine cellar
basketball court
lake view
back yard
front yard
fenced yard
washer and dryer
private space
roof deck

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