İstanbul Lounge 2 in Istanbul

Name: Sales in İstanbul Lounge 2 started!
Start: 2020-03-03T10:45:23.328195+00:00
End: 2023-12-31T23:59:59+0000
Location: İstanbul Lounge 2

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Project info

Object ID: 5492

Finished at	May 2017
Price, m²	From 2500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 67.00 m²
Floors	12
Apartments	205
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area Kids playground Near supermarket
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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

167,500$

Net profit

7,813$

Payback period

16.6 years

Avg property value increase per year

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About the project

Deliveries started in April 2013 in the Istanbul Lounge 2 project, which was designed by Deniz Çağlar Duman. The commercial area of the Lounge 2 project, which has a construction area of 107 thousand square meters, is 1,800 square meters. Lounge 2 project is the second project of Eroğlu Gayrimenkul built in Halkalı.

Istanbul Lounge 2 project draws attention with its wide social areas. There are also 1 + 1 apartments for investors in the Lounge 2 project, which is suitable for the session. In the project, 1 + 1 apartments find tenants from 900 TL, 2 + 1 apartments from 1.250 TL and 3 + 1 apartments from 1.850 TL. Rising with the signature of Eroğlu, Lounge 2 provides easy access to highways. It is an advantage for the investor to have the apartments ready for the session in the Istanbul Lounge 2 project.