2040 NE 163 St

North Miami Beach, FL

Presented by:

Aventura Real Estate, Inc.

Jonathan M. Lief - 305.586.2207

Jonathan2978@Gmail.com

www.AventuraRealEstateInc.com

2040 NE 163rd Street

North Miami BeachOffered: $6,700,000.00

Zone: 6400 Commercial I Year Built: 1968

Land use: Multi-story Office Building

Lot s/f: 48,965 I Bldg. s/f: 26,766 I 3 Floors

Total Rentable s/f: 21,375 I 2 bathroom per floor

Monthly Income: $29,000 I Market Rent: $23.00sf

Monthly Expense: $16,500

Building 90% occupied

08

2040 NE 163rd Street North Miami BeachOffered: $6,700,000.00 104 parking spaces

20 executive suites 150-400 s/f

Starting @ $400.00 per month

Elevator being replaced

2 new 50 ton A/C Units installed

Owner will finance with a minimum of 40% Down

Terms & interested of loan to be negotiated

2040 NE 163rd Street

North Miami Beach

2017 TRAFFIC COUNTCollection St Traffic Vol Distance

NE 163rd St WB 51,000 0.24 mi

NE 163rd St EB 58,000 0.28 mi

Biscayne Blvd NB 57,500 0.32 mi

Dixie Hwy/NE 154 SW 18,500 0.58 mi

Sunny I Blvd/NE 26 EB 57,000 0.59 mi

PUBLIC TRANSPORTATIONCommuter Tri-Rail Drive Distance

Golden Glades 10 min 4.0 mi

Opa-Locka 16 min 6.9 mi

Airport Drive Distance

Hollywood Int’l. 25 min 12.7 mi

Miami Int’l. 40 min 22.7 mi

2040 NE 163rd Street $6,700,000

Comparable Sale

2101 NE 163 Street sold 2019 for $10.27 million.

The property last sold in 2016 for $4.9 million.