Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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Scott Wadler
Managing Director
786.646.2595
Scott.wadler@berkadia.com
Michael Basinski
Vice President – Originations
561.609.4018
Michael.basinski@berkadia.com
MORTGAGE BANKING
Wouter Lips
Senior Financial Analyst
786.830.9002
wouter.lips@berkadia.com
Roberto Pesant
Senior Managing Director
305.975.5956
roberto.pesant@berkadia.com
Yoav Yuhjtman
Senior Director
786.853.5555
yoav.yuhjtman@berkadia.com
David Greenburg
Financial Analyst
305.260.4973
david.greenburg@berkadia.com
Jaret Turkell
Senior Managing Director
561.573.6140
jaret.turkell@berkadia.com
Omar Morales
Director
305.878.2278
omar.morales@berkadia.com
INVESTMENT SALES
Miami
1111 Brickell Ave
Suite 1650
Miami, FL 33131
CONTACT US
NEW CONSTRUCTION MID-RISE IN MIAMI'S MOST VIBRANT MARKET, WYNWOOD
Berkadia is pleased to present the unique opportunity to acquire i5 Wynwood (the “Property”) – Miami’s only true co-living property, located at the intersection of Wynwood and the Midtown/Miami Design District at 51 NW 28th Street, Miami, FL 33127. The Property, consisting of 63 fully furnished apartments with 217 bedrooms available for lease, and 6,095 square feet of retail space, was completed in 2024. Thoughtfully designed by Related Group and W5 Group, the Property showcases innovation and attention to detail in its design. Featuring modern layouts and stylish materials, it ensures comfort and convenience for residents, proven by the successful lease up as the property is nearing stabilization.
EXECUTIVE SUMMARY
Investment Highlights
Wynwood is one of the country’s most vibrant markets and receives 15M+ annual visitors, creating over 5,000 jobs across 400 businesses.
LOCATED IN WYNWOOD, MIAMI’S CULTURAL EPICENTER:
Considering Miami-Dade’s median AMI of $87K, most residents are unable to qualify for traditional multifamily housing in Wynwood, which requires $93K on average, versus only $70K at i5 Wynwood.
Durable Income in the Country’s Hottest Market:
On average, i5 Wynwood is $600+ (31%) cheaper than studios at comparable properties, and $1,000+ (50%+) cheaper than one-bedroom units.
$600+ IN MONTHLY SAVINGS COMPARED TO WYNWOOD PROPERTIES:
Properties currently under construction will require similar rent and income levels as current comps. As such, residents at i5 Wynwood receive a better value proposition.
Insulated from future Supply:
i5 Wynwood’s business model and design is curated to offer luxury living to Wynwood’s locals that service the community daily. The property's walkability to employers, entertainment and retail is nearly impossible to be recreated elsewhere, at the price point offered.
LUXURY LIVING FOR WYNWOOD'S LOCALS:
PHOTO GALLERY
Boca Raton
5100 Town Center Circle, Suite 550
Boca Raton, FL 33486
6,095 SF
Retail
217
Bedrooms
2024
Year Built
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Wynwood has transformed from a barren industrial district in the early 2000s to a global hub for art, culture, and nightlife. Sparked by the 2009 opening of Wynwood Walls and supported by private investment, the Wynwood BID, and local legislation, it now boasts galleries, a fashion district, Michelin-star restaurants, and a vibrant, ever-evolving community. The combination of the innovative and unique co-living model, the Property’s affordability and strategic location, and luxury amenities makes i5 Wynwood a compelling investment opportunity in Miami’s dynamic real estate market.
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i5 Wynwood represents the opportunity to acquire a new construction mid-rise at a significant discount to comparable properties in Wynwood, which trade for $400K/bed on average.
SIGNIFICANT DISCOUNT ON A PRICE-PER-BED BASIS TO WYNWOOD:
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Properties currently under construction will require similar rent and income levels as current comps. As such, residents at i5 Wynwood receive a better value proposition.
Insulated from future Supply:
