AFI City in Bucharest

Name: Sales in AFI City started!
Start: 2019-12-27T11:15:26.943956+00:00
End: 2023-12-31T23:59:59+0000
Location: AFI City

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Project info

Object ID: 3164

Finished at	March 2020
Price, m²	From 1370$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 45.00 m²
Floors	—
Apartments	228
Building phase	Carcase finished
Condition	Black walls
Construction type	Monolyth
Security	Intercom
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Laminorului 5 min Parc Bazilescu 11 min Străulești 11 min Jiului 17 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

61,650$

Net profit

6,783$

Payback period

6.8 years

Avg property value increase per year

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About the project

Location

In one of the greenest areas of Bucharest in the northwestern part is located the housing complex "AFI CITY", namely on the boulevard Bucharest, no. 166B in sector 1. Right in front of the residential complex is the subway station Laminorului. And it is RATB with access to several bus routes. Also not far away are the Basilescu Park and Lake Grivița, there are schools and kindergartens, shops, supermarkets, pharmacies and banks.

Structure of the residential complex

The first phase of the residential project "AFI CITY" consists of 2 residential buildings with a total number of 190 modern apartments. The structure of the buildings is made of reinforced concrete. At the underground level there is a technical floor where there is a drinking water tank. There is another special service space built for storing equipment for the cooling system. In the courtyard of the housing complex there are green spaces arranged with a park area, it is a specially arranged space for the children of the tenants to play, as well as sports facilities for adults. A total of 228 parking spaces are organized - above ground.

About apartments

The real estate project "AFI CITY" offers for sale on the Romanian real estate market offers with double studios and apartments with 2 and 3 rooms with functional and logically planned schemes. The one-room homes are designed with a usable area of 45 sqm, the 2-room apartments have sketches with the usable area of 55 sqm and for the 3-bedroom homes a usable area of 73 sqm and 76 sqm is well thought out. For the apartments on the ground floor there are terraces and own gardens. The three-room apartments are designed with 2 bathrooms. Absolutely all the apartments have a large balcony. The residential complex is developed by the company "AFI EUROPE", which is an Israeli developer. The company "AFI Europe" in Romania owns two malls in Bucharest and Ploiești and has a project completed by "AFI Park" offices. The company is working on the second office project in Bucharest "AFI Tech Park" and has initiated a mixed real estate project in Brasov.