Radio City in Kaunas

Name: Sales in Radio City started!
Start: 2022-02-25T06:30:38.789434+00:00
End: 2023-12-31T23:59:59+0000
Location: Radio City

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Construction

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Project info

Object ID: 18654

Finished at	September 2022
Price, m²	From 1680$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 29.00 m²
Floors	4
Apartments	329
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

48,720$

Net profit

5,906$

Payback period

6.0 years

Avg property value increase per year

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Promos and discounts for Radio City

About the project

The legendary Kaunas radio factory Banga, which has emerged in Žaliakalnis, is reborn and becomes RADIO CITY.

We have chosen a complex, conversion path: after all, it would be possible to simply demolish buildings and build everything from scratch. But we aim to revitalize the factory building and, at the same time, the history of the people who worked and created it.

RADIO CITY will become a unique space where waves of different frequencies will come together: life, work and leisure.