Paramount Miami Worldcenter #2904
+ photos soon
  • High floor
  • Renovated 2024
  • Walk-in closet
Rent + SaleDowntownFloor 29 · Pool

#2904 · Paramount Miami Worldcenter

851 NE 1st Ave, Miami, FL 33132

$853,000

$845/sqft · Asking

$5,590/mo

49d on market

2

Beds

2

Baths

1,010

SqFt

// overview

2BR on the 29th floor · Pool exposure

1,010 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.

Suggested offer range

$5,255 $5,366/ mo

Based on the average list-to-final ratio for comparable units in the building (96%). Asking $5,590/mo.

Bedrooms

2

Baths

2

SqFt

1,010

Floor

29

View

Pool

$/sqft

$845

DOM

49d

// numbers · investment analysis

Configure the deal

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

Cap rate

3.1%

NOI / price

Cash-on-cash

-10.7%

Annual / cash invested

$ / sqft

$845

Monthly cash flow

$-2,131

Negative

Loan amount$639,750
Down payment$213,250
Cash invested (incl. ~3% closing)$238,840

Monthly

P&I$4,364
Property tax$1,386
Insurance$173
HOA$960
Property mgmt$559
Vacancy reserve$280
Total monthly out$7,721
Expected rent$5,590
Monthly cash flow$-2,131

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