255 NE 1st St. | Miami, FL 33132
OPPORTUNITY TO ACQUIRE A 0.86-ACRE, SITE-PLAN APPROVED, COVERED LAND SITE WITH PREMIER WATER VIEWS, IN DOWNTOWN MIAMI
Contact
Photo Gallery
Key Highlights
The Opportunity
Doc Center
Privacy
Terms of Use
Quick Stats
±22.45 Units Per Acre
DENSITY
±1.47 Acres
PARCEL SIZE
1,531
Apartment
Homes Avg SF
2016
BUILT
NOI
$1M+
Acres
0.86
per acre
1,000 Units
The Opportunity
Berkadia is pleased to exclusively present the opportunity to acquire the Bayfront Towers site (the “Property” or “Site”), a 0.86-acre covered land development site with uninterrupted water views, located in Downtown Miami. The Property is currently a cash-flowing parking garage with over $1M+ in NOI. The Property is zoned T6-80-O, allowing for a 80-story development and 1,000 units per acre. The buyer will have the opportunity to continue with the seller's current plans to develop a two-tower project with 54- and 62-stories and over 800 apartments.
The Property is ideally located in Downtown Miami, right next to First Street Metromover Station and across the street from Bayfront Park. The Property boasts a 100 Transit Score and 99 Walk Score, providing convenient access to Downtown Miami and Brickell’s 20M+ square feet of Office. Due to the Property’s walkability to Bayfront Park, Downtown Miami and Brickell’s shopping centers, restaurants and other leisure destinations, residents will be able to enjoy a true live-work-play lifestyle. Downtown Miami continues to attract billions of dollars in investment, with numerous companies moving their offices to Downtown. The Bayfront Towers site is ideally positioned to capitalize on these developments and inflow of professionals.
1.
Zoned for 80 stories and 860 units
0.86-acre covered land play
$1M+ in NOI
Ability to offer residents premium water views
Ideally located with 100 Transit score and 99 Walking score
Walking distance from Miami’s Brightline train station: 30-min to Fort Lauderdale, 60-min to West Palm, 3-hours to Orlando
Surrounded by billions of public & private investment
Investment Highlights
Photo Gallery
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 loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Yoav Yuhjtman
Senior Director
786.853.5555
yoav.yuhjtman@berkadia.com
Wouter Lips
Financial Analyst
305.260.4942
wouter.lips@berkadia.com
Mortgage Banking
Jaret Turkell
Senior Managing Director
561.573.6140
jaret.turkell@berkadia.com
Roberto Pesant
Senior Managing Director
305.975.5956
roberto.pesant@berkadia.com
Michael Weinberg
Managing Director
321.319.1419
michael.weinberg@berkadia.com
Jose Mota
Associate
561.609.4013
jose.mota@berkadia.com
Omar Morales
Associate Director
305.878.2278
omar.morales@berkadia.com
Investment Sales
Miami
1111 Brickell Ave
Suite 1650
Miami, FL 33131
Offices & Contact Information
Boca Raton
5100 Town Center Circle Suite 550
Boca Raton, FL 33486
2.
3.
4.
5.
6.
Photo Gallery
Key Highlights
The Opportunity
DOC CENTER
Terms of Use
Privacy
Contact
7.
Zoning
T6-80-O
Scott Wadler
Managing Director
561.445.4891
scott.wadler@berkadia.com
DOC
CENTER