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7411 Carlyle Avenue
Miami Beach
2019
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THE PERFECT PLACE TO LIVE
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Location, Location, Location!
THE PLACELocated within historic North
Shore neighborhood and walkable to
the beach, Parkview Island Park,
North Shore Park, Ocean Terrace,
this quaint residential boutique 5-
unit building is in a prime location
with ample street parking. The area
is full of excellent schools, places of
worship, local favorite restaurants
and near many conveniences like
Walgreens/CVS and the Post Office.
Recently, the location potential
improved considerably with the
passing of city ordinances for nearby
North Beach Town Center in Nov
2018, making this site perfect for
future redevelopment. In fact, the
lot size is 25% larger than the typical
in the North Shore neighborhood.
Note that this building completed its
40-year Certification in 2016! Long
term residents love this quaint
building and its beautiful
landscaping.
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• Strong rental demand and stable cash flow!
• Proven historical performance!
• Lot size is 25% LARGER than typical lot size in North Shore!
• Greeted with a large welcoming front porch!
• Ample street parking with off street parking in rear!
• Lush Landscaping and Convenient On-Site Laundry!
• Updated kitchens and baths!
• 40 Year Certification Completed in 2016!
• The best time to invest in North Beach!
• Location! Location! Location!
• Walkable to the beach, North Shore Park and soon-to-be North Beach Yard!
• Less than one mile to the new North Beach Town Center!
• Easy access to great schools, shops and restaurants!
• Free trolley and plentiful bike lanes make transportation easy and affordable!
WHY 7411 CARLYLE
AVENUE?
UNITS 5
FLOORS 1
YEAR BUILT 1946
LIVING AREA 2,688SQ.FT.
LOTSIZE 7,500SQ.FT.
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STRONG RENTALDEMAND!
HUGE FRONT PORCH AND
BEAUTIFUL LANDSCAPING!
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OPEN FLOORPLANS,
UPDATED KITCHENS &
BATHS, BEAUTIFUL
FLOORING
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UNIT MIX &RENT ROLL
UNIT MIX
2BD/1BA: 1
1BD/1BA: 2
Studio: 2
TOTAL: 5
UNIT TYPE RENT MARKET
1 1 -1 $960 $1,300
2 2-1 $1,390 $1,600
3 Studio $950 $1,175
4 Studio $855 $1,175
5 1 – 1 $1,175 $1,250
Total $5,330 $6,500
Rent Increase
to Market
Rates
21.95%
**INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED**
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FINANCIAL SUMMARY
NET INCOME CURRENT MARKET
ANNUAL GROSS RENT $63,960 $78,000
TOTAL EXPENSES $21,502 $21,502
LAUNDRY & PARKING
INCOME
$840 $3,480
NOI $43,298 $59,978
LIST PRICE $995,000 $995,000
CAP 4.35% 6.03%
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COMPARABLE SALES
ADDRESS # OF UNITS SALES PRICE STATUS PRICE/SQ. FT
7411 CARLYLE
AVENUE
5 $ 995,000 ACTIVE $ 370.16
125 SHORE
DRIVE
4 $ 1,100,000 ACTIVE $ 397.97
7915
CRESPI
BLVD
4 $ 1,500,000 ACTIVE $ 456.07
8201
HARDING
AVENUE
6 $ 1,240,000 SOLD $ 458.58
235 82nd
STREET
2 $ 645,000 SOLD $ 399.13
1198
MARSEILLE
DRIVE
4 $ 1,250,000 SOLD $ 339.40
235 77th
STREET
8 $1,350,000 SOLD $431.17
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This northern stretch of Miami
Beach is the lastunderdeveloped
section of the city and it is
surrounded by the most well-
established and thriving
economic engines
of South Florida.
NORTH BEACH
Current private and public investment growth Several incredible local schools, churchesin North Beach and a shrinking housing supply restaurants and parks give residents an
create the best time forinvestment NOW! idyllic life. The free trolley and plentifulbike
These investments drive the economy cre- lanes make transportation easy and afford-
ating more employment opportunity and in- able. Residents bursting with pride for North
creasing the tax base for more investments Beach give back to their neighborhoodwith
in the local community thus, creating a richer beach clean-ups, enjoy the weekly Normandy
quality of life for all North Beach residents and Village Farmer’s Market and attend regular
higher demand for housing. Nestled at the events at the North Beach Bandshell Amphi- core
of the most established and fastest grow- theater! North Beach is poised to become the ing
neighborhoods in America, North Beach is epicenter of growth in Miami Beach for the attracting
a more upscale demographic in line next 20 years.
with the surroundingneighborhoods.
Several incredible
local schools,
restaurants and
parks giveresidents
an idyllic life.”
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WHY NORTH BEACH?
North BeachRentaland Sales Market Statistics• ZERO new entry level rentals are forecasted in the North Beach Market
• Apartment Occupancy is98%!
• 1 Bedroom Apartment Rent average = $1,752/month
• 2 Bedroom Apartment Rent average = $2,284/month
• 2018 YTD Average Multi Family Sale Price/Sq.Ft. North Beach: $290.39 vs. South Beach $374.69
• 2017 Average Price of Home and Condo Sales $496,626
• 2018 YTD Average Price of Home and Condo Sales $455,129
North Beach PopulationStatistics• 14% of residents are between 25-34 years old and growing
• 33% of household income over $75,000
• 56.2% of population work in Miami Beach
• 3.9% growth in North Beach population forecasted between 2016-2021
• 41.8 – median age for the area.
North Beach LocationStatistics• High Walkability Score:76!
• 5 miles from the key tourist destination, South Beach
• 3.3 miles from prestigious Bal Harbour
• 11.4 miles from Downtown, Miami
• 13.6 miles to Miami International Airport
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NORTH BEACH PUBLIC FUTURE INVESTMENTS
outline for PlanNoBe.
Two. More Mobility Options – Safe, comfort-
able, interesting, and beautiful streets with
wider sidewalks, world-class bike infrastruc-
ture, shade trees for sidewalks, better lighting,
and buried or relocated overheadutilities.
Three. Protect & Enhance Neighborhoods –
Preservation is the soundest long-term eco-
nomic development strategy. New construction
should occur in vacant or underutilized spaces
and complement the existingbuildings.
The Miami Beach City Commission
unanimously approved a master plan for the
city’s North Beach neighborhood, which
stretches from 63rd Street to 87th Street.
The plan developed by planners Dover Kohl, Four. Maximize Public Lands Utility –
offers a set of 5 Big Ideas proposed to encour- and utilize its properties to support the sur-
age the growth of the North Beach Commu- rounding community and attract new invest-
nity. These five consensus ideas provided an ment.
Five. Improve Protection – Improving its ability
todealwithsea levelriseandclimatechangeby
One. Make A Town Center – Vibrant, dynamic, upgrading all infrastructure to new
standards. compact, pedestrian-friendly and with mixof
uses to ensure a pedestrian experience that is
welcoming and interesting. PLAN NOBESTATS
108 NEW PEDESTRIAN
CROSSINGS
6.41 MILES OF NEW BIKEWAYS
7 MILES OF NEW TRANSIT
LANES
3.7 FEET OFSTREET RISING
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AREAPUBLIC
DEVELOPMENTSADDRESS/NAME OF PROPERTY DETAILS
OCEAN TERRACE Early discussion stages: Repurposing beach front property for pedestrian friendly walkways, public plaza,shade structures, dining terraces, volleyball courts,etc.
ALTOS DEL MAR PARK Under construction: Approx. $5million investment into 76th Street & Collins Avenue. A 5-acre ocean front park, restrooms, volleyball courts, and an open field overlooking theocean.
NORTH BEACH OCEAN SIDE PARK In Permitting: 79th Street to 87th Street. Newpathways, lighting, entry gates, and the completion of the existing beachwalk.
RUE VENDOME PLAZA In approval stages: Open Plaza, activation and programming, pedestrian Friendly, shade treesand lighting.
72ND STREETLOT Proposed $53.8 million investment in the approval stages: Park, Library and Aquatic Center. Converts parking lot into mixed use new recreational park space, rooftop competition pool,library and media center, fitness gym with running track, and parkinggarage.
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From the creators of the
successful WynwoodYard
comes the most exciting
new venue inMiami.
Located in a highly prized lot on Collins
Avenue and 81st Street across the street from
the beautiful North Shore Open Space Park:
this revolutionary open-air mixed concept will
serve as a catalyst to attract new visitors and
residents to North Beach.
The North Beach Yard is designed to have
the popular blend of restaurant, bar, live music
venue and boutique shop that made
Wynwood Yard a notable attraction in its
neighborhood.
The North Beach
Yard is designed to
have the popular
blend of restaurant,
bar, live musicvenue
and boutiqueshop”
NORTH BEACH PRIVATE FUTURE INVESTMENTS
Details• Low-impact architecture
• 20 food and beverage operators
• Three restaurants in repurposed shippingcontainers
• Organic vegetable and fruit garden with hydroponic& organic farming, rainwater harvesting,composting
and recycling.
•More than 15 market stalls with artisan-inspired
culinary and retailproducts.
•Fitness studio offering exercise and wellness
classes, workshopsand instructional classes.
•The most successful venue in Miami’s Wynwood
neighborhood has chosen to move to North Beach in 2019!
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AREARESIDENTIAL
AND MIXED USEDEVELOPMENTSPROPERTY UNITS SQ.FT. FLOORS STAGE MORE DETAILS
8421-8427
CRESPI
BOULEVARD
16 15,813 5 UNDER
CONSTRUCTION
Newconstruction. Luxuryresidential.
7925-7935
CRESPI
BOULEVARD:
“NOBE ISLAND”
14 14,335 4 PENDING
APPROVAL
Newconstruction. Luxuryresidential.
8701 COLLINS
AVENUE:
“EIGHTY SEVEN
PARK”
64 202,173 20 UNDER
CONSTRUCTION
Newconstruction. Luxuryresidential.
6800
INDIAN CREEK
DRIVE
30 95,420 12 APPROVED Newconstruction. Luxuryresidential.
756 84TH
STREET: “THE
EIGHTY 4”
4 7,029 5 APPROVED Newconstruction. Luxuryresidential.
68TH &
COLLINS:
“L’ATELIER
”
23 40,250 18 UNDER
CONSTRUCTION
Newconstruction. Luxuryresidential.
7400 OCEAN
TERRACE
136 202,521 22 APPROVED Entire city block:
202,521 total sq. ft of
unified site. Includes 78
hotel units in 16 story
hotel tower & 58
residential units in 22
story
tower. Retail and
restaurant space as well.
7140 COLLINS
AVENUE
211 174,200 11 APPROVED 187 hotel rooms,24 residentialunits, 28,000sq. ft. of retail
With a combined team
experience andcommitment
to North Beach ofover
200 years
Urban Resource is the premier expert for
North Beach real estate! Brother-sister
founders, Daniel and Laura Veitia, who live
and work in North Beach can provideyou with
real estate knowledge as a resident, investor,
and business owner in the area.Dedicated
to theircustomer and supporting thegrowth
of theneighborhood, Urban Resource’s team
of highly trained and licensed real estate
professionals are reliable andresponsive.
ABOUT US
Additionally, as the largest property
management company in North Beach with
100+ buildings under management, Urban
Resource’s success andreputation are
the direct result of the relationships built
with their owners, residents and local North
Beach community. A hands-on approach
and honest assessments exceed customer
expectations by adding value at every step.
CONTACT INFORMATION
LAURA VEITIA
BROKER & VICE PRESIDENT
305.403.8686
www.urbanresource.com