Prestige 24 in Istanbul

Name: Prestige 24
Brand: 24 Gayrimenkul
SKU: 5078
Availability: InStock

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Project info

Object ID: 5078

Finished at	June 2019
Price, m²	From 1155$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 61.00 m²
Floors	14
Apartments	100
Building phase	Completed
Condition	Black walls
Ceiling height	2.70 m.
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Fitness Kids playground
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

70,455$

Net profit

7,813$

Payback period

7.0 years

Avg property value increase per year

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About the project

Prestige 24 “Prestige 24” is a boutique project, like other projects of the company, it is intended for life, as well as for the office and even the exhibition hall. The project offers offices ranging from 40 square meters to 215 square meters and living quarters with balconies and terraces. The interior decoration creates a feeling of spaciousness, finely thought out design with details suitable for both business and family life. At the same time, users will have a comfortable living space with infrastructure: a 24-hour lobby, security, sports facilities, cleaning services, high-speed Internet and covered parking. Some details make the Prestige 24 a comfortable and prestigious project, as it has modern conference rooms and professional workplaces where you can accommodate your guests. Prestige 24 is located in the growing, cost-effective area of Istanbul, Basın Ekspres. Near the complex there is a metro station, mega projects Marmaray and Havaray, as well as the main roads TEM, 3rd ring road, E-5, which provide transport to almost all points of Istanbul.