Aria Reserve #5404
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  • Unobstructed view
  • High floor
Rent + SaleEdgewaterFloor 54 · Atlantic

#5404 · Aria Reserve

700 NE 23rd St, Miami, FL 33137

$868,000

$890/sqft · Asking

$5,790/mo

84d on market

2

Beds

2

Baths

975

SqFt

// overview

2BR on the 54th floor · Atlantic exposure

975 sqft inside Aria Reserve, a 62-floor tower built in 2024. Aria Reserve is the tallest waterfront residential complex in the Northern Hemisphere on Biscayne Bay. DCH acquired an institutional block in pre-construction at 22% below list.

Suggested offer range

$5,385 $5,501/ mo

Based on the average list-to-final ratio for comparable units in the building (95%). Asking $5,790/mo.

Bedrooms

2

Baths

2

SqFt

975

Floor

54

View

Atlantic

$/sqft

$890

DOM

84d

// numbers · investment analysis

Configure the deal

Editable assumptions. Defaults from this building's HOA, FL tax and insurance rates.

Cap rate

3.4%

NOI / price

Cash-on-cash

-9.9%

Annual / cash invested

$ / sqft

$890

Monthly cash flow

$-2,002

Negative

Loan amount$651,000
Down payment$217,000
Cash invested (incl. ~3% closing)$243,040

Monthly

P&I$4,441
Property tax$1,411
Insurance$175
HOA$897
Property mgmt$579
Vacancy reserve$290
Total monthly out$7,792
Expected rent$5,790
Monthly cash flow$-2,002

Reference estimates. Not a firm offer. DCH Team can coordinate pre-approval with local lenders.

// the building

Aria Reserve

Aria Reserve

Twin towers in pre-stabilization. DCH acquired an institutional block in pre-construction at a 22% discount to list. Active absorption phase.

Units
782
Built
2024
Strategy
Hold · STR
Avg rent
Proj $4,800 / mo
View full building report →
// location

700 NE 23rd St, Miami, FL 33137

Edgewater · Miami

We already operate inside Aria Reserve.

We know its rules, tenant profile and live comps. Talk to us before you buy — or list this unit with us if you own it.

Talk to DCH