BreakThru Realty

1029 94th Street, Bay Harbor Islands, FL 33154

$6,250,000 · $759 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $6,250,000
  • Price per sq ft: $759
  • Building size: 8,230 sq ft
  • Lot size: 11,326 sq ft
  • Zoning: 4500
  • Year built: 1951
  • Units: 2
  • Stories: 2
  • Tenant pays: Electricity, Interior Electric, Exterior Electric
  • Buildings: 1
  • Parcel ID: 1322270012630
  • MLS#: A12065320
Photo 1 at 1029 94th Street, Bay Harbor IslandsPhoto 2 at 1029 94th Street, Bay Harbor IslandsPhoto 3 at 1029 94th Street, Bay Harbor IslandsPhoto 4 at 1029 94th Street, Bay Harbor IslandsPhoto 5 at 1029 94th Street, Bay Harbor IslandsPhoto 6 at 1029 94th Street, Bay Harbor IslandsPhoto 7 at 1029 94th Street, Bay Harbor IslandsPhoto 8 at 1029 94th Street, Bay Harbor Islands

About this property

Harbor Lofts, located at 1029 94th Street, is a 12-unit multifamily investment opportunity ideally situated in Bay Harbor Islands, one of Miami-Dade County’s most supply-constrained submarkets. Constructed in 1951 and substantially renovated, inside and out in recent years, the property is situated on an 11,250 SF (0.26-acre) lot and comprises 8,230 SF of net rentable living space across two stories.The unit mix consists of eleven (11) one-bedroom/one-bathroom units averaging approximately 680 SF, currently achieving average in-place rents of $2,091 per month, and one (1) two-bedroom/one-bathroom unit averaging approximately 750 SF, currently achieving $2,300 per month. Monthly rent at the property is inclusive of water and trash, with tenants responsible for their own gas and electricity.The property is zoned RM-2 under the Town of Bay Harbor Islands zoning code, which permits multifamily density of up to 34 dwelling units per acre as of right and up to 60 units per acre with bonuses. The existing rent roll positions the asset for a durable cash-flowing hold, while preserving long-term optionality for an investor to pursue increased density through the appropriate entitlement processes.

Rent Roll

Unit typeUnitsBeds / bathsSizeRent per unitPro forma
1 Bedroom111 / ————
2 Bedroom12 / ————

12 units.

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

About the Business at 1029 94th Street

  • Included: Building, Land

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

MSP Group, LLC · deme@mspgroup.com · Listing agent: Demosthenes George Mekras

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1029 94th Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 1029 94th Street

How much is 1029 94th Street?
1029 94th Street is listed at $6,250,000, about $759 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 1029 94th Street zoned?
The listing reports zoning of 4500. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 1029 94th Street?
The listing reports 8,230 square feet of building.
When was 1029 94th Street built?
1029 94th Street was built in 1951. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
How do I tour 1029 94th Street?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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