No photos available
Offered at
$3,700,000
660 85th Street, Miami Beach, FL 33141
- 0
- Beds
- 0
- Full Baths
- 13,400
- Sq.Ft.
Listing courtesy of Marilina R Apfelbaum, Beachfront Realty Inc
Property Description
PLEASE SEE OM FOR MORE DETAILS!! 660 85th Street presents a rare opportunity to acquire a 12-unit boutique multifamily asset in the highly desirable Biscayne Point / North Beach submarket of Miami Beach. This four-story Art Deco-style building offers covered gated parking, elevator service, central AC, and private balconies—premium amenities rarely found in comparable North Beach boutique assets. Currently 83% occupied, the property includes two vacant units that provide immediate lease-up upside at market rents. Existing in-place rents remain approximately 30–40% below market, allowing a new owner to drive strong organic NOI growth through natural lease rollover without major capital improvements. Current gross income is approximately $242,700 annually, with stabilized upside projected near $288,300 and estimated NOI around $167,174. Located just blocks from the Atlantic Ocean, North Beach Oceanside Park, Ocean Terrace redevelopment, Bal Harbour Shops, and major retail amenities, the asset benefits from one of Miami Beach’s most supply-constrained rental micro-markets. Also available as part of a multi-property acquisition with 709 83rd Street, this offering provides added scale and portfolio synergies for investors seeking expanded North Beach exposure.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Hotel/Motel
- Address
- 660 85th Street, Miami Beach, FL 33141
- Zoning
- 3900
- MLS ID
- A12001732
- Listing Date
- 2026-04-15
- Last Updated
- 8/26/2026, 10:27:40 PM
- Days on Market
- 163
Features & Amenities
The Details
Details
- Building Area
- 13,400 sq.ft.
- Lot Size
- 6,150 sq.ft.
- Lot Size (Acres)
- 0.14 acres
- Year Built
- 1989
- County
- Miami-Dade
- Zoning
- 3900
Financial
- List Price
- $3,700,000
- Original List Price
- $3,700,000
Location
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All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.