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432 PARK AVENUE in New York

Name: 📣 300$ — discount certificate
Start: 2020-06-24T11:10:18.162657+00:00
End: 2023-12-31T23:59:59+0000
Location: 432 PARK AVENUE

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Project info

Object ID: 7823

Finished at	September 2016
Price, m²	From 188571$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	85
Apartments	125
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area Kids playground Near school Near supermarket
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

5,657,130$

Net profit

5,906$

Payback period

698.2 years

Avg property value increase per year

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About the project

Located on Park Avenue between 56th and 57th streets in the heart of Manhattan, next to the best boutiques in the world, the ultra-modern skyscraper towers 425 meters and has unique views of the entire city below from the Hudson River to the East River, from the Bronx to Brooklyn and from Central Park to Atlantic ocean.

The architect of 432 Park Avenue is Rafael Vignoli, an unusually graceful and elegant square 96-storey tower with 126 unique residences will be built using architectural concrete, steel and glass. Huge windows in apartments measuring 3x3 meters allow you to fill the residences with natural light and will enable owners of luxury apartments to enjoy breathtaking views of Central Park and the whole city.

Residents of an elite new building in Manhattan at 432 Park Avenue will be able to use the services of a private restaurant and garden, spa and fitness center with a sauna, steam and massage rooms, a 75-meter pool, a library, a billiard room, and a children's playroom. Concierge, receptionist and valet parking will be available 24 hours a day.

The ceilings in the apartments are 12.5 feet high, oak floors, kitchens equipped with the latest Miele stainless steel equipment, Dornbracht sanitary ware with marble countertops and floors, Italian marble and Venetian glass bathrooms with free-standing bathtubs and illuminated underfloor heating .

Apartment prices at 432 Park Avenue range from $ 6.6 million to $ 82 million for penthouses.

Developer

Founded in the mid-1960’s by Harry Macklowe, the company has been an active and profitable developer, owner, and manager of a diverse array …
Details about Macklowe Properties