Paramount Miami Worldcenter #4803
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  • Italian kitchen
  • Private balcony
  • Smart home
For saleDowntownFloor 48 · City

#4803 · Paramount Miami Worldcenter

851 NE 1st Ave, Miami, FL 33132

$748,000

$845/sqft · Asking

1

Beds

1

Baths

885

SqFt

// overview

1BR on the 48th floor · City exposure

885 sqft inside Paramount Miami Worldcenter, a 60-floor tower built in 2019. Paramount Miami Worldcenter is the residential flagship of the new Miami Worldcenter, the second-largest mixed-use development in the U.S. Its 60 floors house 5 pools, an observatory and a sports deck with a soccer pitch and boxing ring.

Bedrooms

1

Baths

1

SqFt

885

Floor

48

View

City

$/sqft

$845

DOM

48d

// numbers · investment analysis

Configure the deal

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

Cap rate

0.7%

NOI / price

Cash-on-cash

-19.5%

Annual / cash invested

$ / sqft

$845

Monthly cash flow

$-3,401

Negative

Loan amount$561,000
Down payment$187,000
Cash invested (incl. ~3% closing)$209,440

Monthly

P&I$3,827
Property tax$1,216
Insurance$151
HOA$841
Property mgmt$310
Vacancy reserve$155
Total monthly out$6,499
Expected rent$3,098
Monthly cash flow$-3,401

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

// the building

Paramount Miami Worldcenter

Paramount Miami Worldcenter

Flagship of Miami Worldcenter. 60 floors above the new downtown entertainment district. Stable corporate + tourist demand.

Units
569
Built
2019
Strategy
Hold · STR
Avg rent
$4,600 / mo
View full building report →
// location

851 NE 1st Ave, Miami, FL 33132

Downtown · Miami

We already operate inside Paramount Miami Worldcenter.

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