ART PARK in Petah Tikva

Name: ART PARK
Brand: Gabay Group
SKU: 7317
Availability: InStock

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Project info

Object ID: 7317

Finished at	September 2020
Price, m²	From 9630$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	9
Apartments	63
Condition	Black walls
Construction type	Monolyth
Security	Intercom
Conveniences	Parking 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

288,900$

Net profit

5,906$

Payback period

35.7 years

Avg property value increase per year

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About the project

Creation of the park in the heart of Petah Tikva. A stunning residential complex that includes 63 apartments in 2 9-storey boutique buildings, with a meticulous architectural design and rich technical specifications. The project is located in a quiet and central neighborhood of Petah Tikva, on Arlozorov Street, walking distance from the Independence Park, the ecological park, the Petah Tikva Museum complex, the Yad Labanim site, the Evanat mall, the Rabin Medical Center, a future light rail station and more.

Developer

The Gabay Group has been one of the oldest and leading construction companies in the real estate industry in Israel for over 30 years. The g…
Details about Gabay Group