Kassak Terrace in Budapest

Name: Sales in Kassak Terrace started!
Start: 2022-06-13T08:12:49.222925+00:00
End: 2023-12-31T23:59:59+0000
Location: Kassak Terrace

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Project info

Object ID: 20494

Finished at	June 2022
Price, m²	From 3400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 30.00 m²
Floors	8
Apartments	740
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

102,000$

Net profit

5,906$

Payback period

12.6 years

Avg property value increase per year

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About the project

The Kassák project is located in Klapka utca in District 13, just a block off of Váci út. Its first phase, Kassák Residence was delivered in 2020, while its second phase, Kassák Passage is to be completed in the second half of 2022.

The new, third and final phase will include the construction of 246 apartments. The residential project will be complete once Kassák Terrace is ready, and the complex, comprising 740 apartments, will also include its own park, spread out over more than 9,000 square metres.

Kassák Terrace is just a few minutes’ walk from Váci út. This area has seen huge development in recent times: it has been dramatically transformed by newly built office buildings just 10 minutes’ walk from the project.

This neighbourhood is absolutely ideal for those with an active lifestyle as Margaret Island, the Danube and the City Park, currently undergoing renewal, are just a short walk away.

The second phase of the Kassák project, Kassák Terrace, will be the most technologically advanced building complex with surface heating and cooling and, inside the apartments, standard technical equipment with high quality implementation, as well as heat pump solutions. The triple-glazed plastic doors and windows will allow for more efficient noise and thermal insulation, and annual heating and cooling costs may be far lower compared to traditional homes. Residents will have the opportunity to modify the placement of interior walls and the mechanical systems and electrical equipment within the apartment.

Developer

WING’s identity is based on being stable, modern and inspiring. These are the core values that every major company needs. WING has been prov…
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