Resim Modern Kagithane in Istanbul

Name: Sales in Resim Modern Kagithane started!
Start: 2020-02-18T10:47:50.890507+00:00
End: 2023-12-31T23:59:59+0000
Location: Resim Modern Kagithane

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Project info

Object ID: 5106

Finished at	September 2020
Price, m²	From 3000$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 52.00 m²
Floors	11
Apartments	335
Condition	Black walls
Ceiling height	2.80 m.
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Spa Fitness Pool Kids playground Nearby subway stations Okmeydanı/Hastane 5 min Darülaceze 6 min Yeşilpınar 17 min Nurtepe 17 min Kağıthane 20 min Alibeyköy Metro 21 min Alibeyköy Merk. 21 min Alibeyköy 21 min Halıcıoğlu 21 min Silahtarağa/Mah. 21 min Çağlayan 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

156,000$

Net profit

7,229$

Payback period

16.4 years

Avg property value increase per year

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About the project

The Picture Modern housing project in Istanbul is being implemented by Ortadoğu Group on a land area of 3.100 square meters. The project, which is designed as 3 blocks with 14 floors, has a total of 335 residences. The 1.830 square meter area is planned as open and green area. Music room, movie theater, party room, billiard room, dining room, guest house and meeting room stand out as extraordinary social facilities. In addition, the project includes an indoor pool, fitness room and sauna room.

Located in the region where the urban transformation is intense in the Talaltpaşa neighborhood of the Kağıthane district of Istanbul, the Painting Modern housing project is in a central location. The project is located within walking distance of the surrounding health institutions, educational institutions, shopping and living centers. Metrobus Perpa stop 600 meters to project location, Eminönü-Eyüp-Alibeyköy tram line 3 kilometers, Mecidiyeköy-Mahmutbey Metro Kağıthane stop 3 kilometers, Beşiktaş- Kağıthane Tunnel 2 kilometers, E-5 highway 1 kilometer, July 15 Martyrs Bridge 8 kilometers, Fatih Sultan Mehmet Bridge is 12 kilometers away. Caglayan Justice Palace, Turk Telekom Arena, Kagithane Municipality and Halic Congress Center, Koç Museum and Pierre Loti park are located very close distances.

The project, which draws attention with its aesthetic architectural structure and minimal design, includes apartment options ranging from 52 square meters to 92 square meters, as 1 + 1 and 2 + 1. Painting with first class materials In the modern housing project, French balconies, wooden textured facades, wide ceiling height and glasses extending to the ground create bright and spacious environments in the residences. In addition, A + energy class built-in products are used in the apartments. Heating is provided by central heating system. High security is provided by camera security and security service at the door. Each block has an elevator, an open car park, an indoor car park and a guest car park. With its central location, modular structure and social life opportunities, it awaits project buyers.

Developer

Ortadoğu Holding, which commenced its commercial life in the construction and logistics field in 1981, have managed to fit many successful p…
Details about Ortadoğu Grup