6985 Collins Ave. | Miami Beach, FL 33141
Opportunity to Acquire a 0.82-Acre Oceanfront, Covered Land Development
Site With 110 Feet of Beach Frontage in Miami Beach, Florida
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Quick Stats
±22.45 Units Per Acre
DENSITY
±1.47 Acres
PARCEL SIZE
1,531
Apartment
Homes Avg SF
2016
BUILT
FAR
2.25
Acres
0.82
Beach Frontage
110 Feet
The Opportunity
Berkadia is pleased to exclusively offer the opportunity to acquire the 0.82-acre oceanfront redevelopment site located at 6985 Collins Ave, Miami Beach, FL 33141 ("Property" or "Site") with over 110 feet of prime beach frontage. The Property, currently an 84-key hotel built in 1950, can be completely or partially demolished to build a luxury condominium property featuring direct beach access and unique ocean views of the Atlantic.
Located on the intersection of the world-famous Collins Ave. and 71st St., the Site benefits from incomparable visibility, connectivity and accessibility within Miami Beach and the wider Miami MSA. The oceanfront location boasts incredible walkability through the dynamic Collins Ave. or the scenic beach boardwalk. At the heart of the North Miami Beach area, the location combines the benefits of an oceanfront beach location with a more tranquil environment of the surrounding residential area. This differentiates it in a more elevated and beneficial way from the South Beach market.
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0.82-acre beachfront site in Miami Beach
110+ feet of beach frontage
Covered land play with existing hotel
Generous 2.25 FAR for 80K square feet of developable area
Walker’s paradise with a 93 walkability score
Ability to completely or partially demolish hotel to build luxury condos
Surrounded by three golf courses within two miles
Four acres of oceanfront park within a ten-minute walk
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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
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
Scott Wadler
Managing Director
561.445.4891
scott.wadler@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
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