THE MANOR @ BUENA VISTA

177 NE 50th St

Miami, FL 33137

Status:
Available
Price:
$7,350,000
Units:
28
Year Built:
1926

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

The total of 2 lots with 28 units adjacent to Upper Buena Vista Miami. Design District Studios is a 23-unit apartment building, 20-unit mix Jr. 1 Bed/1 Bath, and three studios. 169 NE 50th Street is a 5-unit mix of 3 Beds/2 Baths, 1 Bed/1 Bath, and three 2 Beds/1 Bath.  These addresses are located in the city of Miami, which is in Dade County, Florida. Utilities such as water, sewer, and trash removal are included in the rent. The property was constructed in 1926, and it was completely rehabbed in 2013.

Buildings are located in the Design District neighborhood, just off of NE 2nd Avenue. The property is within a one-mile radius of four high schools, three middle schools, six elementary schools, and five bus stops, and is close to two gas stations, two grocery stores, and over 20 restaurants.

Over the past few years, the design district has undergone a major transformation into the ultimate destination for cutting-edge fashion, art, design, and culture. Stores like Bulgari, Celine, Cartier, Giorgio Armani, Givenchy, Tiffany & Co, Valentino, Versace, Louis Vuitton, and Harry Winston are already established in the neighborhood, but Design District expects to open the door to 200 additional high-end retail stores in the next few years.

INVESTMENT HIGHLIGHTS

  • OZ ZONE project lends itself to exploit hospitality potential through an adaptive reuse project in conjunction with redeveloping a couple of the existing sites.
  • Rare Assemblage
  • AAA Location- Next to Wynwood and Edgewater
  • High Barriers-to-Entry Market
  • Gated and Secured Property
  • Completely Remodeled/Rehabbed in 2013
  • Stainless Steel Appliances

EXCLUSIVELY LISTED BY

ARTHUR D. POROSOFF

CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379

DAVID COHEN

CRE Multifamily Advisor
Tel: (954) 661-4908
David@porosoff.com

JAVIER UBEDA

CRE Multifamily Advisor
Tel: (305) 766-1864
Javier@porosoff.com

JOSEPH PHELPS

CRE Mixed-Use Advisor
Tel: (978) 807-3245
Joe@porosoff.com

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