Commercial Sale · Income/MultiFamily
1060 98 St, Bay Harbor Islands FL 33154, BAY HARBOR ISLANDS, FL, 33154
Active119 days on marketListed Apr 22, 2026MLS #A12006082
About this property
The property at a glance
Premier Redevelopment Opportunity (Approx 33,750 SF). Zoned for multifamily, rental, condominium or apartments. Across from the new recreational & dog park. Currently three income producing buildings & zoning allows Multifamily / condo 65ft height. Perfect for a 1031 investor, medium sized builder, or for an investment portfolio. One-of-a-kind offering. Will not last!
15,900
Building sq ft
$1,572
Price / sq ft
0.77
Lot acres
1956
Year built
3
Buildings
Multi Family rental
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
1 To 3 Year Lease,Month To Month
Lease term
Estimated payment (illustrative)
Estimated payment
$135,492/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Frantreshia to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
14,435
Population
$87,806
Median income
40.9
Median age
2.58
Avg household
$741,400
Median home value
$2,245/mo
Median rent
1,804
Households w/ kids
Recent sales
What actually sold near 1060 98 St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,000,000
2191 NE 167th St, North Miami Beach FL 33162
Sold Aug 30, 2024
$1,940,000
6838 Abbott Ave, Miami Beach FL 33141
Sold Jan 2, 2025
$4,750,000
7610 Byron Ave, Miami Beach FL 33141
Sold Jan 23, 2025
Your team
The pros in your corner
Your agent
Frantreshia Miller
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 1060 98 St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1060 98 St.
See it in person
Schedule a tour
Live availability from Frantreshia's calendar — pick a time and it's booked.
Listing courtesy of One Sotheby's International Realty · Fabian Garcia-Diaz. MLS #A12006082.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New BAY HARBOR ISLANDS listings, in your inbox
A daily digest of every new listing in BAY HARBOR ISLANDS — straight from the MLS, hours after it goes live. Unsubscribe anytime.