Ritz-Carlton Residences in Istanbul

Name: Ritz-Carlton Residences
Brand: Trem Global
SKU: 23903
Availability: InStock

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Project info

Object ID: 23903

Finished at	December 2020
Price, m²	From 4820$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 250.00 m²
Floors	22
Apartments	121
Condition	Turnkey
Construction type	Monolyth
Security	Reception
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Şişli 9 min Mecidiyeköy 9 min Osmanbey 10 min Gayrettepe 20 min Kabataş 20 min Zincirlikuyu 21 min Taksim 21 min
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

1,205,000$

Net profit

9,376$

Payback period

102.5 years

Avg property value increase per year

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About the project

With modern apartment buildings beginning to dominate the skyline of the area, this residence building quickly became the most iconic of its time. We are talking about the Ritz-Carlton Residences Project, which is located in Nisantasi, one of the most famous parts of the European side of Istanbul. This location benefits from the landscape and light, an infusion of life reflecting the dynamic energy of Nisantasi.

The residence consists of (121) units in total, distributed against (22) floors. 31 different types of residential units range from (1+1 to 4+1), with garden duplexes and penthouse options. The plans portray esthetically designed spaces with exquisitely crafted interiors, and unparalleled service facilities to satisfy the vast spectrum of project residents. Moreover, the lobby of the residence building serves as a meeting point and a waiting lounge which may also be used for casual business meetings.

Ritz-Carlton Residences Project is developed by The Ritz - Carlton Hotel Company, one of the internationally recognized management companies in the domain, which has a lot of projects in Istanbul such as the Ritz-Carlton Hotel and others. There are similar projects for this one like Prime Istanbul Project in Basin Express.