Referans Kartal Kordonboyu in Istanbul

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Start: 2020-02-17T11:11:02.033787+00:00
End: 2023-12-31T23:59:59+0000
Location: Referans Kartal Kordonboyu

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Project info

Object ID: 5069

Finished at	March 2019
Price, m²	From 1150$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 41.00 m²
Floors	17
Apartments	94
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Spa Fitness Pool Kids playground Near kindergarten Nearby subway stations Atalar 9 min Esenkent 12 min Cevizli 13 min Hastane/Adliye 16 min Gülsuyu 20 min
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Personal discount certificate 300$
Free consultation	Ask a question

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

47,150$

Net profit

6,783$

Payback period

5.2 years

Avg property value increase per year

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About the project

The Istanbul-based Reference Kartal Kordonboyu project is carried out by one of the well-known names in the construction industry, Kiler GYO. Kiler REIT, which is among the previous works of Istanbul Sapphire Residence, the highest tower in Western Europe, is known for its qualified construction projects. As a matter of fact, the Reference Kartal Kordonboyu project also appeals to the upper income group and aims to create a luxurious living area very close to the sea. Reference Kartal Cordoyu project, Atalar Mahallesi Halit Paşa Cad. It is located at Şehit Hakan Kurban Sokak Kartal / Istanbul and covers a total area of 3,300 m2. The entire project consists of a single 17-storey block, the ground floors of which are divided into shops and social living spaces.

The project, which includes a total of 94 luxury residences, is located between Üsküdar Avenue and Köroğlu Avenue and is only a few hundred meters from the seafront. Being in the city provides many advantages in terms of transportation opportunities. Indeed, Atalar metro station is within walking distance of the project and it is also possible to use three different bus stops. Although there is no shopping mall nearby, there are 11 stores that are very close to two different big markets and that will meet the shopping needs of their residents. Reference Kartal Kordonboyu residents; Turkish bath, sauna, steam room, fitness room and Zen Garden with an area of 500 m2.

4 different flat types are offered in the Reference Kartal Kordonboyu project. Their types and uses are as follows:

1 + 1 (Net 41.20 m2)

2 + 1 (Net 78.10 m2)

3 + 1 (Net 102.70 m2)

4 + 1 (Net 151.60 m2)