Ad #7631759
MLS #A12001732
PLEASE SEE OM FOR MORE DETAILS!! 660 85th Street presents a rare
660 85th St, Miami Beach, FL 33141
$3,700,000
--Beds
--Baths
--Sqft
0.14Acres
About this property
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.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1989
0.14 Acres
Miami-Dade County
Additional Photos
Contact Information
Marilina Apfelbaum
Beachfront Realty, Inc
786-287-3633
Location
Listing Agent: Marilina Apfelbaum (License #: 0662372) 786-287-3633
Broker: Beachfront Realty, Inc 305-534-4242 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Beachfront Realty, Inc 305-534-4242 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$3,700,000
--
Beds
--
Baths
--
Sqft
660 85th St, Miami Beach, FL 33141
By contacting this agent you agree to these Terms and Conditions.
MLS# A12001732
PLEASE SEE OM FOR MORE DETAILS!! 660 85th Street presents a rare
$3,700,000
660 85th St, Miami Beach, FL 33141
--
Beds
--
Baths
--
Sqft
0.14
Acres
$3,700,000
660 85th St, Miami Beach, FL 33141
-- Beds
-- Baths
-- Sqft
0.14 Acres
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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1989
0.14 Acres
FINANCIAL & COMMUNITY
Miami-Dade County
Location
Mortgage Calculator
Ad Statistics
Ad Number
7631759
Viewed
48 times
Listing Status
Active
Added
Apr 27, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Miami REALTORS®
Source Property ID
A12001732
Listing Agent: Marilina Apfelbaum (License #: 0662372) 786-287-3633
Broker: Beachfront Realty, Inc 305-534-4242 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Beachfront Realty, Inc 305-534-4242 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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