We are proud to exclusively present a newly packaged covered land assemblage in the high-demand lower NE 2nd Avenue quadrant of Edgewater, just north of the Arts + Entertainment District and directly abutting Wynwood to the east. This site will be sold with a site plan approval that carry development rights for 160 units, encompassing an added density of 54 units above the by-right allowance from a previous Transfer of Development Density (TDD).
Situated within a Qualified Opportunity Zone, the assemblage contains two existing vacant structures: a 2019 construction 8,200 Sq. Ft. MIDAS center, and a 3,000 Sq. Ft. multi-family building, that can be rented until development takes place. This is the first time that both parcels are readily available as a pre-packaged deal.
2140 NE 2nd Ave, Miami, FL, 33137
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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