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24229748
24229749

852 Collins Ave, Miami Beach, FL 33139

AZ
FL FL BK3015211
Marcus & Millichap - The Zylberglait Group
Listed by Marcus & Millichap - The Zylberglait Group
$6,975,000
345 days on market
Updated 90 days ago

852 Collins Miami Beach Multifamily

Details
APN 02-4203-004-0440
Property Type Hospitality, Multifamily (+1)
Sub Type Apartment Building, Hotel (+1)
Square Footage 7,604
Net Rentable (SqFt) 7,604
Units 16
Cap Rate 6.07%
NOI $423,104
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Options 2
Pro-Forma Cap Rate 12.33%
Pro-Forma NOI $860,285
Broker Co-Op Yes
Class B
Year Built 1936
Year Renovated 2016
Buildings 1
Stories 3
Lot Size (SqFt) 7,000
Investment Type Net Lease
Ownership Fee Simple

Price Reduced For Sale | Multifamily | Short Term Rental | Hotel | Miami Beach, FL

Marketing description

Marcus & Millichap is proud to present for sale 852 Collins Avenue, a fully occupied, 16-unit boutique rental property located in the heart of Miami Beach’s globally renowned Art Deco District. This rare, fee-simple opportunity is not only 100% leased but also positioned at the crossroads of tourism, wealth migration, and economic expansion.

Spanning over 7,600 square feet, this three-story property is leased to Luxuri, one of South Florida’s most prominent luxury short-term rental operators. Backed by Campau Capital Corporation, Luxuri offers a curated high-end experience including gourmet chef services, concierge access, yacht charters, and private aviation—ideal for high-net-worth travelers who continue to drive demand in Miami Beach.

Miami Beach is booming. According to the Greater Miami Convention & Visitors Bureau, the city welcomed a record-breaking 28 million visitors in 2024, generating $22 billion in spending and $2.2 billion in local tax revenues. Miami-Dade now leads the nation in hotel occupancy and ranks third nationally in average daily room rates. In 2025, Miami Beach hotel properties topped all major U.S. markets in Revenue Per Available Room (RevPAR).

Investment highlights

  • Prime South Beach location in the iconic Art Deco District

  • Fully occupied 16-unit boutique property

  • Turnkey fee-simple asset with no deferred maintenance

  • Steps from world-famous beaches, dining, and nightlife

  • Proximity to global travel gateways: PortMiami and MIA Airport

  • Ideal investment in Miami’s resilient, high-growth hospitality market

Listing Contacts

AZ
FL FL BK3015211
Marcus & Millichap - The Zylberglait Group
Listed by Marcus & Millichap - The Zylberglait Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$423,104.00
$35,258.67/mo

Valuation Metrics

0
DSCR
6.07%
Cap Rate
6.07%
ROI

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Additional Information

Name
Alex Zylberglait
License
FL BK3015211
Brokerage
Marcus & Millichap Miami
Title
Broker Associate
Brokerage Address
2916 North Miami Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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