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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

2189 NW 20TH ST, MIAMI, FL 33142

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Income/MultiFamily - ALEXANDER COURT for Sale

2189 NW 20TH ST, MIAMI, FL 33142

Asking Price$11,000,000

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  • Days on market:

    21 day(s)

  • Original Price:

    $11,000,000

  • Tax Legal Description:

    ALEXANDER COURT PB 26-65 LOTS 18 THRU 21 INC BLK 1 LOT SIZE 14000 SQ FT COC 25306-3047 12 2006 5

  • Tax Year:

    2024

  • Property Type:

    Income/MultiFamily

  • Waterfrontage (sqft):

    39691

  • Lot Features:

    Central Business District City Location 1-2.5 Acres Corner Location

Description

$11,000,000

Assemblage of 3 parcels totaling 0.91 acres (39,691 sf) in allapattah cra. zoned t6-8-o and d1 with live local act override - no zoning amendment needed. conceptual 220-unit multifamily plan qualifies for 4% lihtc, 30% qct basis boost, 85% property-tax exemption, and $12-15m in soft-loan gap funding (sail + surtax). located on hard corner with paved road access, near hospitals, transit, and employers. sale includes plan, financial model, and investor package. ideal for lihtc developers, syndicators, or cra-aligned institutions. see attachment for development-cost terms and illustrative model disclaimer.

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