Aria Reserve #4006
+ photos soon
  • In-unit laundry
  • Renovated 2024
  • Smart home
For saleEdgewaterFloor 40 · City

#4006 · Aria Reserve

700 NE 23rd St, Miami, FL 33137

$1,380,000

$890/sqft · Asking

3

Beds

3

Baths

1,550

SqFt

// overview

3BR on the 40th floor · City exposure

1,550 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.

Bedrooms

3

Baths

3

SqFt

1,550

Floor

40

View

City

$/sqft

$890

DOM

90d

// numbers · investment analysis

Configure the deal

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

Cap rate

0.6%

NOI / price

Cash-on-cash

-19.9%

Annual / cash invested

$ / sqft

$890

Monthly cash flow

$-6,395

Negative

Loan amount$1,035,000
Down payment$345,000
Cash invested (incl. ~3% closing)$386,400

Monthly

P&I$7,061
Property tax$2,243
Insurance$278
HOA$1,426
Property mgmt$543
Vacancy reserve$271
Total monthly out$11,820
Expected rent$5,425
Monthly cash flow$-6,395

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