1215 W Ave Parking, Miami Beach, FL, 33139 | $1,500,000

This parking garage is in the heart of South Beach in Miami Beach along West Avenue.  Walking distance to Collins Avenue and the beach, and Lincoln Road and all its shopping.  Along the way to either, you have all the other main streets, major restaurants and bars that fill the bustling area.  The parking garage is situated on the ground floor of a boutique hotel.  The parking received the right become public parking from the City or Miami Beach.  With parking in high demand on the beach, this is an opportunity to capture the parking market in South Beach.  The sale includes all the lifts already in place on two floors.  Being in the heart and along a quite street, this is an opportunity to have a luxury service with a shuttle to and from the area to enhance the parking experience.

Features

  • Property Type: Mixed Use
  • Permitted Use: Automotive
  • Garage: Covered,Garage
  • Parking: 59-car
  • Zoning: 4000
  • Year Built: 2016
  • Est. Taxes: $101
  • MLS#: A11995276
  • Website: https://www.raveis.com
    /prop/A11995276/1215waveparking_miamibeach_fl?source=qrflyer
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Listing courtesy of Keller Williams Capital Realty

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Contact@raveis.com

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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305.922.5393

Pedro.Delgadillo@raveis.com

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1215 W Ave Parking, Miami Beach, FL, 33139

$1,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,200,000 $1,200,000 $1,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.251% 6.086% 6.183%
Monthly Tax Payment $8 $8 $8
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,003 $7,195 $10,126
Total Monthly Payment $7,136 $7,328 $10,259

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.