Welcome to URBIN
3162 Commodore Plaza, Miami, FL, USA
THE WAY TO LIVE WORK WELL
URBIN is designed to address the needs of today’s residents, fostering creativity and connection through design-forward residences, an amenity program focused on wellness, and social programming that fosters community.
THE OWNERSHIP PROGRAM
The leaseback agreement equates to a 7% annual triple net return based on the purchase price.
• Initial leaseback term of five years, 5 year option to renew at developer option.
• Owner retains right to use their unit for up to 90 nights per year.
• For every 30 days of use the return drops by 1% for that year.
• Staff services and maintains units avoiding the need for self-management.
• Instant access to socially curated events (happy hours, movie nights) and priority access to public amenities.
• Residences are a part of a managed extended stay rental program when not in use by the owner.
1. I If Client uses unit 0 Days, Net Leaseback program is 7%
2. If Client uses unit from 1-30 Days, Net Leaseback program goes down to 6%
3. If Client uses unit from 31- 60 Days, Net Leaseback program goes from to 5%
4. If Client uses unit from 61-90 Days, Net Leaseback program goes from to 4%
• Initial leaseback term of five years, 5 year option to renew at developer option.
• Owner retains right to use their unit for up to 90 nights per year.
• For every 30 days of use the return drops by 1% for that year.
• Staff services and maintains units avoiding the need for self-management.
• Instant access to socially curated events (happy hours, movie nights) and priority access to public amenities.
• Residences are a part of a managed extended stay rental program when not in use by the owner.
1. I If Client uses unit 0 Days, Net Leaseback program is 7%
2. If Client uses unit from 1-30 Days, Net Leaseback program goes down to 6%
3. If Client uses unit from 31- 60 Days, Net Leaseback program goes from to 5%
4. If Client uses unit from 61-90 Days, Net Leaseback program goes from to 4%
| Price From |
$440,000 - $795,000
|
|---|---|
| Address | 3162 Commodore Plaza, Miami, FL, USA |
| Developer | Location Ventures |
| Architect |
ARQUITECTONICA, PAREDES ARCHITECTURE
|
| Interior Design |
A.M. STUDIO
|
| Number of Units |
54 units
|
| Numbers of Floors |
5 stories
|
| Size Range |
From 331ft² - 2,352ft²
|
| HOA |
$1.00 per Sq.Ft. and as the units will be in rental program (master lease), HOA is covered by Urbin under 7% return w triple net.
|
| Completion Year |
|
Deposit Schedule
- 50% of purchase price required at contract/ optional any amount above 50%
- 7% Interest on Deposits during construction – Credited at closing from balance owed.
Amenities
UNIT FEATURES- Efficient layouts for optimized living
- Bathrooms with walk-in-showers
- Fully furnished with sophisticated finishes
- Built-in storage
- Laundry (washer + dryer) in all units
- High-end fixtures
- Energy-Star stainless appliances
- Full-service concierge
- Valet parking and onsite self parking
- Gourmet market with a variety of offerings
- Food and beverage venues on premises
- Room service available
- Wellness Center with guided program for mindfulness, movement, nourishment and healing
- Roof deck with pool and sundeck
- Outdoor lounge areas with places for work and play
- Workspace with dedicated and flexible offering
- Efficient layouts for optimized living
- Bathrooms with walk-in-showers
- Fully furnished with sophisticated finishes
- Built-in storage
- Laundry (washer + dryer) in all units
- High-end fixtures
- Energy-Star stainless appliances
