Multifamily Housing
575 Northeast 61st Street Miami, FL 33137
Details & Description
Price: $1,495,000
    Fausto Commercial is pleased to present ZenMotel, a multifamily property located in Miami, Florida. The property is an eight-room Hotel located at 575 NE 61st Street. The hotel is furnished with Balinese furniture, rain showers, ceiling fans and kitchenettes. Every room comes equipped with a Buddha, yoga mat and robe. The whole building was renovated in 2016.The property is at a walking distance of the Magic City Innovation District located in Little Haiti. The 15 acre development will attract technology companies and retailers. The $1 billion project will be developed in multiple phases over several years with the beginning focused on repurposing existing dilapidated factory space. It will be 170,000 SF of industrial space would be converted to commercial and retail use, with plans for an office tower, amphitheater and apartments. 
    Listing Agents
    Vicente Rodriguez

    O: 305-510-6627
    VR@FaustoCommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    575 Northeast 61st Street

    Miami, FL 33137

    Listing ID: 214632
    575 Northeast 61st Street Miami, FL 33137 | for Sale | Photo 1
    Building Size: 2,786 SF
    Lot Size: 0.110 AC
    Land Size: 4,800 SF
    Building $/SF: $536.61
    Land $/SF: $311.46
    Price
    $1,495,000
    Description

    Fausto Commercial is pleased to present ZenMotel, a multifamily property located in Miami, Florida. The property is an eight-room Hotel located at 575 NE 61st Street. The hotel is furnished with Balinese furniture, rain showers, ceiling fans and kitchenettes. Every room comes equipped with a Buddha, yoga mat and robe. The whole building was renovated in 2016.

    The property is at a walking distance of the Magic City Innovation District located in Little Haiti. The 15 acre development will attract technology companies and retailers. The $1 billion project will be developed in multiple phases over several years with the beginning focused on repurposing existing dilapidated factory space. It will be 170,000 SF of industrial space would be converted to commercial and retail use, with plans for an office tower, amphitheater and apartments. 

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Miami History of Multifamily Housing for Sale

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    Miami Area Market Trends

    Listing Demographics for 575 Northeast 61st Street Miami, FL 33137

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population27,621278,177785,044
    Population Median Age403839
    Population by Age0-9 Yrs3150 (11%)31474 (11%)86552 (11%)
    10-19 Yrs2593 (9%)27808 (9%)73731 (9%)
    20-29 Yrs3445 (12%)40729 (14%)107608 (13%)
    30-39 Yrs5059 (18%)57094 (20%)142764 (18%)
    40-49 Yrs4527 (16%)40487 (14%)112395 (14%)
    50-59 Yrs3196 (11%)36251 (13%)105648 (13%)
    60-69 Yrs2675 (9%)23866 (8%)81014 (10%)
    70+ Yrs2975 (10%)20468 (7%)75332 (9%)
    Median HH Income$43,208$55,214$51,518
    Total Household Income< 24K3560 (31%)27561 (24%)87012 (27%)
    25-49K2823 (24%)23487 (20%)69274 (21%)
    50-74K1863 (16%)18918 (16%)51362 (16%)
    75-99K993 (8%)14137 (12%)33125 (10%)
    100-199K1402 (12%)17994 (16%)49214 (15%)
    200K+806 (7%)10311 (9%)30036 (9%)
    Highest Education LevelNo Diploma37252836696872
    Diploma or GED486043599137101
    Some College31333123580850
    Assoc. Degree19791931047362
    Bachelors Degree473546859121452
    Higher Degree19873401299211
    Total Housing Units13,191138,786436,448
    --Owner-Occupied3,91538,578112,581
    --Renter-Occupied7,53373,829207,443
    Owner-Occupied Values< 100K11733258792
    100-199K458502917124
    200-299K822795923790
    300-399K409429313834
    400-499K357413010717
    500K+17531384238324
    Total Working Age Population22,848229,447653,485
    In Work Force14,917158,648428,222
    Not In Work Force7,93170,799225,263
    Workforce Employed13,876148,830404,048
    Workforce Unemployed1,0419,81623,628
    Civlian Workforce14,917158,645427,677
    Military Workforce02545
    Total Households11,448112,407320,023
    Family Households5,55558,730168,037
    Non-Family Households5,89453,677151,986
    Married Couple3,26535,616105,659
    Other Family2,29023,11462,378
    Married w/Child1,13913,52237,136
    Single Male w/Child392,0186,636
    Single Female w/Child9029,60122,407

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
    Miami-Dade County2,253,362+112,496,435+152,861,579+113,190,242
    Monroe County79,589-873,090+174,004074,301

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 575 Northeast 61st Street in Miami?
    The asking price for 575 Northeast 61st Street is $1,495,000
    What is the building size of this Multifamily property in Miami, FL?
    The size of the building/unit at 575 Northeast 61st Street in Miami is 2,786 square feet
    How much land does the Miami, FL property at 575 Northeast 61st Street include?
    575 Northeast 61st Street in Miami includes 0.110 acres of land
    What is the population within 1 mile of 575 Northeast 61st Street in Miami?
    The population within 1 mile of 575 Northeast 61st Street Miami, FL 33137 is 27,621 people.
    Who do I contact for questions about 575 Northeast 61st Street?
    You should contact the listing agent, Vicente Rodriguez, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Miami International Airport (MIA) 7
    Fort Lauderdale Hollywood International Airport (FLL) 17
    Palm Beach International Airport (PBI) 59