1040 NE 172 TER, North Miami Beach, FL 33162

1040 NE 172 TER, North Miami Beach, FL 33162 is a 6-bedroom, 4-bathroom multifamily 2-9 units : 2 living units built in 1954 with 2,779 square feet of living space on a 17,974 square foot lot. The property is currently owned by JACOB KATZ & ZIPORAH KATZ, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2008-10-28 for $255,000, when PHILLIPE CHERY &W LUNEVIE sold to JACOB KATZ &. There are 3 recorded sales for this property. The 2025 assessed value is $455,054 with a market value of $1,262,426.

This breaks down to $988,570 for the land and $273,856 for the building. The assessed value increased 6% from $427,455 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $55,762, and the median home value is $-666,666,666. The population density is 6,120 people per square mile. 1040 NE 172 TER, North Miami Beach, FL 33162 is located in North Miami Beach, Florida.

Property records, tax assessments, sales history, and ownership information for this North Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1994 to 2008, with 3 recorded transactions in the public record. The current assessed value represents 178% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $92 per square foot — a key metric for comparing value across North Miami Beach's real estate market..