cassa on the bay | 42 Unit Luxury Waterfront Condo

cassa on the bay

ModernLiving introduces

cassa on the bay Waterfront Condo

LOCATION: 8001 NE Bayshore Ct. Miami FL, 33138 NUMBER OF UNITS: 42 + 3 potential marina slips SELLABLE SQUARE FEET: 43,400

ZONING CODE: Miami 21 | T6-8-L

cassa

on the bay

cassa on the bay is a unique development opportunity, on Biscayne Bay, in the Upper East Side of Miami. Current zoning regulations allow for the development of a 42 unit luxury residential building with a minimum of 3 marina slips.

Conceptual plans are available and fully transferrable including renderings and initial proforma for development which show a potential sellout of $28,825,000 with a return of $7,300,835 with very conservative assumptions.

This site has fully unobstructed water views and a building plan where every unit faces the water.

This is a great location right off Biscayne with easy access to I-95 and Miami Beach, and virtually anywhere within 12 minutes.

cassa

Project Details

on the bay

80% Comp Factor Ratio Unit Type

Sq. Feet

# of Units

Total Sq. Ft.

Absolute Price

Price per Foot

Sellout

1 Bed

750

12

9,000

$545,000

$727

$6,540,000

2 Bed

1,107

26

28,782

$695,000

$628

$18,070,000

3 Bed

1,400

4

5,600

$870,000

$621

$3,480,000

300

3

900

$120,000

45

44,282

Marinas

3 30 linear feet each

Buildable Square Feet Gross buildable Sq. Ft. LA Gross buildable Sq. Ft. Parking Areas

43,400 Sellable Sq. Ft. 18,470 P/A

Common Areas Constr Cost Gross Sq. Ft. LA Constr Cost Gross Sq. Ft. Parking Constr Cost Marinas Sq. Ft.

8,500 $195.00 $60.00 $200.00

Hard cost

$232.61

Number of Units Price per Sq. FT. (Units) Gross Square Footage Sellable Square Footage - Commercial

42 $648 70,370 900

Sellable Square Footage - Condo

43,382

Total Sellable

44,282

$360,000 $648

$28,450,000

cassa

on the bay

Proforma

cassa on the bay

Sales Price Construction Costs

Sources & Uses / Sensitivity Analysis

cassa on the bay

SEAL & SIGNATURE

NOTE

NE 81TH ST

BAY

NEW MULTI FAMILY BUILDING

BISCAYNE

NE BAYS

R

HORE C

T

RE D

YSHO

N BA

NEW MULTI FAMILY BUILDING

8001 NENE Bayshore AT 8001 BAYSHORE Ct. CT Miami FL, MIAMI FL. 33138 33138

R

ED

OR

SH

AY

NE BAY

NB

SHORE

CT

NE 80TH ST

DATE

09.04

REVI

NE 79TH ST

NE 79

TH ST

JOHN F KENNEDY CAUSEWAY

TITLE

SIT

SCAL

1/32 1

A-1.0

SITE PLAN

0

16

32

64FT

SHEE

cassa

on the bay

cassa on the bay

cassa on the bay