The Artists Kiryat in Rishon Letsiyon

Name: The Artists Kiryat
Brand: Dunietz
SKU: 7289
Availability: InStock

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Project info

Object ID: 7289

Finished at	March 2019
Price, m²	From 5430$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	27
Apartments	198
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Commercial area 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

162,900$

Net profit

5,906$

Payback period

20.1 years

Avg property value increase per year

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About the project

Brothers Donitz is proud to present one of the country's largest urban renewal projects. The Kiryat Artist Center project in Rishon Lezion will include 14 residential towers and 1,386 housing units, a tribute to the different types of artists, with a green park planned for 15 dunams. The innovative project includes 25 and 30-story towers, 4 and 5-room apartments, mini-penthouses and penthouses. The standard of the apartments is high and meticulously planned and includes rich specs, a sun terrace, an attached storage room, underground parking and a luxurious lobby. 5 buildings have already been occupied and the 6th building is now under construction. Last 5-room apartments remained in the fifth building, on 22nd and 23rd floors. The sixth tower offers 4 and 5 room apartments.

Developer

Donitz Brothers is one of the oldest and leading public construction companies in Israel. The company was founded in 1963 by the brothers Ar…
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