Onyx on the Bay is a downtown Miami condominium building located in the newly revitalized Art & Design District in downtown Miami, on 25th Street and Biscayne Bay next to Downtown Miami.  We are now offering for sale "Developer Default" deeply discounted condominiums far below the cost of construction!   Residents at Onyx Miami Condo are only 5 minutes from Downtown Miami, Five Minutes from the Brickell Financial District, Ten Minutes from South Beach and Fifteen minutes from the Miami International Airport. Onyx Condominium Residences are located meters away from the $400 Million Arsht Performing Arts Center.

February, 2011 Miami Onyx Condominiums Now Deeply Discounted:

Fortune International Realty has been appointed the EXCLUSIVE marketing firm to sell "Developer Default" deeply discounted condominiums starting at approximtately $250/S.F.  Note that this is well below construction cost, and we are able to offer these prices to our clients with NO INTERMEDIARIES and guarantee our exclusive clients the absolute LOWEST prices!  We work directly with the Developer and project lenders in offering these deeply discounted condominiums, as the debt on the construction loan has been discounted.  All remaining developer inventory is to be sold!

• 24 hour manned security
• Electronic garage access
• Single Point of Entry into Residence lobby
• Bayfront Infinity-edged, heated pool and whirlpool alcove
• 8th Floor Sunset Garden
• State-of-the-Art Fitness Center with cardio-theatres on each individual machine
• Steam Room and Sauna
• Concierge Services
• Valet parking
• On-site Bar and Grill
• Pool-side barbeque
• Billiard Room and Sports Lounge
• Great Room with catering Pantry (Ideal for Parties)
• Direct TV Satellite Service available
• High speed Internet Wiring Throughout

Onyx on The Bay Condominium Features:

•  28 stories
• 118 units total
• Kitchen Aid stainless steel appliances
• White Glass counter tops
• Direct bay and city views from all units
•  Average price per sq ft is $250
• Maintenance fee is .62 / sq ft which includes water, cable, internet, amenities, 24 hr security
• On site rental management company additionally providing build out packages (Posh Condos)
•  Glass railings
•  Impact resistant windows

General Building Amenities:

• Decorative Accent Lights
• Penthouse Levels
• Glass Balconies
• Two-Story Lofts
• Sunset Garden
• Billiard Room & Sports Lounge
• Two Story Lobby
• Porte-Cochere
• Bay Walk (along Biscayne Bay)
• Infinity-Edge Pool
• Whirlpool
• Fitness Center

Investment Information 

This is an incredible Miami condominium purchasing opportunity that has positive cash-flow based on CURRENT lease rates (see below):

Monthly Maintenance Dues (Jan, 2011): $.62/ Square Ft. (A/C)

SUMMARY OF CURRENT ONYX LEASES:  
  
Unit Type Avg SqFt Avg $ MonthlyRate
1-A           1,153                     $1,750
1-C           942                       $1,524
2-B           1,368                     $1,648
2-C           1,508                     $2,100
3-A            1,680                    $2,500
2-A            1,331                    $1,983
2-D            1,286                    $1,825
Loft(1BR)   966                      $1,525