EN
About
URBIN
3162 Commodore Plaza, Coconut Grove, FL
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%
Key Building Details
$440K – $795K
: $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.
331–2,352 ft²
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.
Gallery
URBIN
Legal Disclaimer
All promotional content displayed on this page, including renderings, floor plans, brochures, videos, and similar materials, are sourced from the developer to facilitate the marketing of the relevant project. PANDA IDX, LLC does not assert ownership or creation of these materials.
