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EIGHTY SEVEN PARK in Miami

Name: Sales in EIGHTY SEVEN PARK started!
Start: 2020-06-25T08:16:12.081309+00:00
End: 2023-12-31T23:59:59+0000
Location: EIGHTY SEVEN PARK

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Project info

Object ID: 7832

Finished at	December 2018
Price, m²	From 16000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 100.00 m²
Floors	18
Apartments	70
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

1,600,000$

Net profit

9,376$

Payback period

136.1 years

Avg property value increase per year

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About the project

Eighty Seven Park is an ultra-luxury condo development located at 8701 Collins Avenue, Miami Beach, FL 33154. Completed in Q4 2019, Eighty Seven Park rises 18 floors and has just 66 condo residences comprised of one-, two-, three-, four-, and five-bedroom floor plans ranging in size from 1,018 to 7,572 interior square feet. Eighty Seven Park was developed as a joint venture between Terra Group and Bizzi & Partners Development with architectural design by Pritzker Prize-winning architect Renzo Piano and interior design by Rena Dumas Architecture Interieure.

The condo residences at Eighty Seven Park feature expansive open floor plan layouts, extra wide balconies for outdoor living, floor-to-ceiling glass windows, high-end kitchen appliances by Wolf and Sub-Zero, summer kitchens, Italian cabinetry with glass doors, Electrolux washer and dryer, and natural stone countertops. The amenities at 87 Park include full-service concierge and butler service, wine bar, library, state-of-the-art fitness center, spa, pool, private garden, and juice bar.

Eighty Seven Park condominiums is strategically located on the northern-most parcel of land in Miami Beach and just north of a public park, offering sweeping, unobstructed views of the Atlantic Ocean and city skylines. By car, 87 Park is minutes from the upscale shops and restaurants at Bal Harbour Shops, 20 minutes from South Beach, 25 minutes from the Fort Lauderdale Airport, and 35 minutes from the Miami International Airport.