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Marketing Brochure/Flyer EDGEWATER DEVELOPMENT SITE CONTAINING A NEW AUTOMOTIVE RETAIL BUILDING 7 This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, MIGUEL A. PINTO | (305)632-2575 | [email protected] 1 warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC. CONTACT TABLE OF CONTENTS MIGUEL A. PINTO M: 305.632.2575 Property Overview ................ 3-4 E: [email protected] Assemblage Information ....... 5 APEX Capital Realty LLC Investment Highlights ............. 6-7 901 NE 79 ST Miami FL, 33138 O: 305.632.2575 W: apexcapitalrealty.com Transportation ........................ 8 Location Map ......................... 9 Contact ................................... 10 This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, 2 warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC. Proposed 2140-2144 NE 2ND AVE. Wynwood/Edgewater Station Tri-Rail 7,643 SF 2019 22,277 SF T6-12-O Building Size Year Built Lot Size Zoning NE 2nd Ave WELCOME TO EDGEWATER This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, MIGUEL A. PINTO | (305)632-2575 | [email protected] 3 warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC. APEX Capital Realty is pleased to present the opportunity to acquire the Midas Site in Edgewater. The site is Braman com-posed of 22,277 SF of land and has a newly Miami constructed 7,643 SF automotive retail building that is National Youth Arts currently own-er occupied. This site is prime for Foundation HQ redevelopment due to its strategic location in the most active area of Miami for development. The site sits in between the new Braman collection of dealerships, the National Young Arts Foun-dation headquarters, the upcoming Melo Group multi-family site and other major assemblages that will be re-developed in the nearBUILDING future. SIZE 7,643 SF YEAR BUILT 2019 LOT SIZE 22,277 SF ZONING T6-12-O GROSS DEVELOPMENT SF +/-178,176 / (+/-231,128 Incl Bonuses) MAXIMUM DENSITY 77 residential Units / 154 Hotel Keys MAX HEIGHT: 12 Stories (+8 Bonus Stories) ASKING PRICE $6.75M This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, MIGUEL A. PINTO | (305)632-2575 | [email protected] 4 warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC. 30,752 SF ASSEMBLAGE INFORMATION (INCLUDING MIDAS) Total Land Area: 30,752 SF (0.71 acres) Existing Building Area: 10,467 SF Dimensions: 160 Ft x 200 Ft (approx.) Density: 106 Units on this site (150 du/acre) Max. Height: 12 Stories Buildable Sq Ft: 246,016 BSF Asking Price: $8,750,000 ($285/SF) ASSEMBLAGE INFORMATION Additional assemblage opportunity available. Inquire with broker for more information. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, MIGUEL A. PINTO | (305)632-2575 | [email protected] 5 warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC. Located Within an Opportunity Zone • The site is also located within the recently federally designated Opportunity Zone which may allow tax breaks with possible elimination of cap gains for investors. • The new tax law allows for a temporary deferral of inclusion in taxable income for capital gains re- invested in an Opportunity Fund. The deferred gain must be recognized on the earlier of the date on which the opportunity zone investment is disposed of or December 31, 2026. After the investment is held for 5 years, the tax basis in the original investment is increased by 10%, and after 7 years, the tax basis is increased by 15%. After 10 years, investors permanently avoid any capital gains tax on the post-acquisition gains INVESTMENT HIGHLIGHTS This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, 6 warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC. Workforce Housing Density Bonus The Miami-Dade County Workforce Housing Development Program is a voluntary program that pro- vides density bonuses (5%-100%) and other incentives for the development of workforce housing. Workforce housing is defined as housing that is affordable to families whose incomes are within 60% to 140% of the County’s area median income as reported by the United States Department of Housing and Urban Development and adjusted to family size ($42,600 to $99,400, respectively, for a family of four). The bonus can be applied by allocating (5-10%) of the development to WHU or by complying with four alternatives or a combination thereof: 1. Monetary contribution in lieu of WHUs 2. Off-site construction within a 2-mile radius of site 3. Rehabilitation of existing properties: (a) within 3 miles of site; (b) within the Urban Infill Area, or (c) within a transit corridor (including sites in municipalities). 4. Conveyance of land acceptable to the County. 5. Combination of the above INVESTMENT HIGHLIGHTS This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, 7 warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC. The site is located nearby the proposed Wynwood Brightline and Coastal Link stop on 27th ST. The Brightline is planned to offer service to Orlando in the next two years and is planning to expand to the Tampa area in the future. In addition to the Brightline, there is a Coastal-Link service being planned which will be operated by Tri-Rail. This service will travel from Miami to Palm Beach and offer local stops. Biscayne Blvd is another major transit corridor. 0.4 mile radius 7 min walk TRANSPORTATION MIDTOWN NE 29thSt NE 28thSt NE 27thSt EDGEWATER WYNWOOD Train Station NE 26thSt NE 25thSt NE 24thSt Biscayne Blvd NE 23rd St N Miami Ave NE 2nd Avenue NE 22nd St NW 2nd A ve This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, MIGUEL A. PINTO | (305)632-2575 | [email protected] 8 warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC. MIAMI BEACH LITTLE HAITI upper eastside JULIA TUTTLE CAUSEWAY MIAMI DESIGN DISTRICT EDGEWATER NE 2 AVE BISCAYNE BAY SHOPS AT MIDTOWN 2140-2144 NE 2 AVE MIDTOWN BISCAYNE BLVD WYNWOOD NE 2 AVE THE ART INSTITUTE VENETIAN CAUSEWAY LOCATION MAP WYNWOOD WALLS MACARTHUR CAUSEWAY NE 2 AVE PEREZ ART MUSEUM ADRIENNE ARSHT CENTER FROST MUSEUM FTX ARENA BISCAYNE BLVD NE 2 AVE DOWNTOWN This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, MIGUEL A. PINTO | (305)632-2575 | [email protected] 9 warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC. MIGUEL A. PINTO M: 305.632.2575 E: [email protected] APEX Capital Realty LLC 901 NE 79 ST Miami FL, 33138 O: 305.632.2575 W: apexcapitalrealty.com This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, MIGUEL A. PINTO | (305)632-2575 | [email protected] 8 warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC..
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