About
About North Miami Avenue Assemblage
The North Miami Avenue Assemblage Portfolio presents a rare opportunity to acquire a two-site assemblage located within Miami’s rapidly evolving Little River and Little Haiti neighborhoods, positioned along the North Miami Avenue corridor within the broader Magic City redevelopment area. The portfolio consists of two strategically located properties at 5500 N Miami Avenue (NW 55th Street) and 31 NW 77th Street. The assets are currently improved with 48 multifamily units, one single-family residence, and one vacant lot, providing immediate in-place income while preserving meaningful long-term redevelopment potential. This diversified composition offers stable cash flow with attractive value-add and repositioning optionality.
Zoning across the portfolio includes T5-R and T4-R designations, with the NW 55th Street property zoned T4-R and the NW 77th Street property zoned T5-R, supporting by-right residential development. The sites may also qualify for density, height, FAR, and parking incentives under Florida’s Live Local Act, subject to affordability requirements. Benefiting from substantial public and private investment, including proximity to the Magic City Innovation District and a growing pipeline of mixed-use and multifamily projects, the portfolio is well positioned for a range of strategies, including stabilized hold, phased redevelopment, or long-term assemblagedriven repositioning.
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