Olympic Village in Berlin

Name: Sales in Olympic Village started!
Start: 2021-07-14T08:49:16.604764+00:00
End: 2023-12-31T23:59:59+0000
Location: Olympic Village

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Property for sale in Olympic Village — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 12911

Finished at	February 2022
Price, m²	From 9000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 55.00 m²
Floors	4
Condition	Black walls
Construction type	Monolyth
Security	Security
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

495,000$

Net profit

7,229$

Payback period

52.1 years

Avg property value increase per year

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About the project

On the former site of the Olympic Village, taking into account the historical context, approximately 180 apartments are built. The park-like area, which is only about 10 minutes away from the 9 km from the city center of Berlin and at the same time the proximity to the nature reserve “Döberitzer Heide” provide good framework conditions for this. In addition, the excellent connection to public transport and the Berlin motorway ring is a perfect base for harmoniously combining life and work.

12 sustainably and modularly planned point houses with approx. 180 apartments will create space and living space for couples, singles but also for families. The project has recently been successfully sold to a strategic investor.

Plot area: 16.291 m2

Outdoor area: 11.404 m2

Gross floor area: 16.291 m2

Rental area 14.489 m2

Space efficiency: 81.5 %