103 NE 59th St 103 NE 59th St OM - Final | Page 16

APARTMENT MARKET
Edgewater Rent Comparables
Miami Bay, 601 NE 39th Street
Eve at the District, 3635 NE 1st Avenue
A+, 176 units, 5 stories
A-, 195 units, 19 stories Built in 2017
Built in 2016 $2,876.00 - Effective Rent
$2,111.00 - Effective rent $2.94 - Effective Rent / SF
$2.47 - Effective Rent / SF Miami Bay Trust
Wharton / Mack
Pearl Midtown 29, 180 NE 29th Street
Midtown 5, 3201 NE 1st Avenue
A, 400 units, 25 stories
Built in 2017
$2,558.00 - Effective Rent
N/A, 309 units, 20 stories
Built in 2018
N/A - Effective Rent
N/A - Effective Rent / SF
$2.80- Effective Rent / SF
Magellan
103 NE 59TH STREET | OFFERING MEMORANDUM
COLLIERS INTERNATIONAL P. 16