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1MIGUEL A. PINTO | (305)632-2575 | [email protected]
EDGEWATER DEVELOPMENT SITE CONTAINING A NEW AUTOMOTIVE RETAIL BUILDING
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC.
TABLE OFCONTENTS
CONTACT
1 Property Overview ..................3
2 Investment Highlights ..............5
3 Transportation ..........................7
4 Contact ....................................8
MIGUEL A. PINTOM: 305.632.2575E: [email protected]
APEX Capital Realty LLC901 NE 79 ST Miami FL, 33138O: 305.632.2575W: apexcapitalrealty.com
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC.
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3
WEL
COM
E TO
EDG
EWAT
ER
MIGUEL A. PINTO | (305)632-2575 | [email protected] information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC.
2140-2144 NE 2ND AVE.
7,643 SFBuilding Size
2019Year Built
22,272 SFLot Size
T6-12-OZoning
NE 2nd Ave
NE 2nd Ave
Tri-RailTri-Rail
Proposed Proposed Wynwood/EdgewaterWynwood/Edgewater
StationStation
4MIGUEL A. PINTO | (305)632-2575 | [email protected]
APEX Capital Realty is pleased to present the opportunity
to acquire the Midas Site in Edgewater. The site is
com-posed of 22,272 SF of land and has a newly
constructed 7,643 SF automotive retail building that is
currently own-er occupied. This site is prime for
redevelopment due to its strategic location in the most
active area of Miami for development. The site sits in
between the new Braman collection of dealerships, the
National Young Arts Foun-dation headquarters, the
upcoming Melo Group multi-family site and other
major assemblages that will be re-developed in the
near future. BUILDING SIZE 7,643 SF
YEAR BUILT 2019
LOT SIZE 22,272 SF
ZONING T6-12-O
GROSS DEVELOPMENT SF +/-178,176 / (+/-231,128 Incl Bonuses)
MAXIMUM DENSITY 77 residential Units / 154 Hotel Keys
MAX HEIGHT: 12 Stories (+8 Bonus Stories)
ASKING PRICE $7.5M
National Youth ArtsNational Youth ArtsFoundation HQFoundation HQ
Braman Braman MiamiMiami
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC.
INVE
STM
ENT
HIGH
LIGH
TS• The site is also located within the recently federally designated Opportunity Zone which may allow
tax breaks with possible elimination of cap gains for investors.
• The new tax law allows for a temporary deferral of inclusion in taxable income for capital gains re-
invested in an Opportunity Fund. The deferred gain must be recognized on the earlier of the date on
which the opportunity zone investment is disposed of or December 31, 2026.
After the investment is held for 5 years, the tax basis in the original investment is increased
by 10%, and after 7 years, the tax basis is increased by 15%.
After 10 years, investors permanently avoid any capital gains tax on the
post-acquisition gains
Located Within an Opportunity Zone
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC.
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INVE
STM
ENT
HIGH
LIGH
TS Workforce Housing Density BonusThe Miami-Dade County Workforce Housing Development Program is a voluntary program that pro-
vides density bonuses (5%-100%) and other incentives for the development of workforce housing.
Workforce housing is defined as housing that is affordable to families whose incomes are within 60% to
140% of the County’s area median income as reported by the United States Department of Housing and
Urban Development and adjusted to family size ($42,600 to $99,400, respectively, for a family of four).
The bonus can be applied by allocating (5-10%) of the development to WHU or by complying with four
alternatives or a combination thereof:
1. Monetary contribution in lieu of WHUs
2. Off-site construction within a 2-mile radius of site
3. Rehabilitation of existing properties: (a) within 3 miles of site; (b) within the Urban Infill Area, or(c) within a transit corridor (including sites in municipalities).
4. Conveyance of land acceptable to the County.
5. Combination of the above
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC.
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7MIGUEL A. PINTO | (305)632-2575 | [email protected]
The site is located nearby the proposed Wynwood Brightline and Coastal Link stop on 27th ST. The Brightline is planned to offer
service to Orlando in the next two years and is planning to expand to the Tampa area in the future. In addition to the Brightline,
there is a Coastal-Link service being planned which will be operated by Tri-Rail. This service will travel from Miami to Palm
Beach and offer local stops. Biscayne Blvd is another major transit corridor.
TRAN
SPOR
TATI
ON
NE
2nd
Aven
ue
Bis
cayn
e B
lvd
N M
iam
i Ave
NW
2nd
A v
e
NE 22nd St
NE 29thSt
NE 23rd St
NE 24thSt
NE 25thSt
NE 26thSt
NE 27thSt
NE 28thSt
Trai
n St
atio
n
E D G E W A T E RW Y N W O O D
M I D T O W N
0.4 mile radius7 min walk
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC.
8MIGUEL A. PINTO | (305)632-2575 | [email protected]
MIGUEL A. PINTOM: 305.632.2575
APEX Capital Realty LLC901 NE 79 ST Miami FL, 33138
O: 305.632.2575W: apexcapitalrealty.com
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC.
