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