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520 Park Avenue in New York

Name: 📣 300$ — discount certificate
Start: 2020-06-24T08:05:56.784540+00:00
End: 2023-12-31T23:59:59+0000
Location: 520 Park Avenue

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Project info

Object ID: 7812

Finished at	June 2019
Price, m²	From 514285$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	54
Apartments	33
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Underground parking Spa Fitness Pool Commercial area Kids playground Near school Near supermarket
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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

15,428,550$

Net profit

5,906$

Payback period

1904.1 years

Avg property value increase per year

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About the project

Zeckendorf Development has commissioned the design of Robert A.M. to design the 520 Park Avenue condominium on the Upper East Side. Stern Architects. This building is not comparable to anything, reminiscent of large historical apartment buildings, but with modern chic.

520 Park Avenue is a 54-story building with 33 full-story apartments. The building is entirely constructed from Indiana limestone. The windows offer gorgeous views of Central Park and the city, the apartments have well-thought-out layouts, the complex has excellent infrastructure and a lobby consisting of separate spaces overlooking your own garden with a classic landscape design. All this elevates this project to a level never seen before in Manhattan. 520 Park Avenue promises to become one of the most famous residential addresses of the city - this building is so outstanding that it will be accessible only to the luckiest people.

The 33 high-rise apartments will have classic layouts in a modern design, with expressive spaces for entertainment, strict living and dining rooms with high ceilings and the best finishes available today. The windows offer views of Central Park, Upper East Side and the city skyline. As befits for such grand residences, all apartments have a large master bedroom with two main bathrooms and a large dressing room. The main bathrooms are enormous in size, with marble décor and stunning views.

The fitness and fitness center is exclusively for 520 Park Avenue residents. The modern gym opens onto a room with a pool with very high ceilings, surrounded by a handmade lattice, with plenty of natural light from the garden. Guest apartments, a wine cellar and utility rooms are available for purchase.

The price of apartments at 520 Park Avenue range from $ 18 million to $ 130 million for a three-story penthouse.

Developer

Zeckendorf Development is a privately owned real estate development firm headed by the multi-generational Zeckendorf family, which became kn…
Details about ZECKENDORF DEVELOPMENT