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200 EAST 59TH in New York

Name: 📣 300$ — discount certificate
Start: 2020-06-25T11:29:52.490915+00:00
End: 2023-12-31T23:59:59+0000
Location: 200 EAST 59TH

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Project info

Object ID: 7842

Finished at	April 2018
Price, m²	From 51428$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	35
Apartments	67
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Underground parking Spa Fitness Pool Commercial area Kids playground Near school Near supermarket
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Personal discount certificate 300$
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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

1,542,840$

Net profit

5,906$

Payback period

190.4 years

Avg property value increase per year

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About the project

The building of the 200 East 59 Street residential condominium, located in the southeastern part of Third Avenue, is designed in the style of classical modernism. Following in the footsteps of the famous 432 Park Avenue, the project features innovative design and light permeability.

The 35-story building in all apartments has large curved terraces that create a smooth transition between indoor and outdoor living spaces. The interiors, not constrained by columns, are surrounded by glass walls from floor to ceiling; finishes include white oak plank floors, white Calacatta tiles, Siberian white and taupe marble.

At the base, the building has a staggered metal cladding that reflects natural light during the day and emits a soft glow at night. Above this podium are two-light public areas with views of the landscaped terrace.

200 East 59 Street, located at the intersection of Midtown and the Upper East Side, provides residents with access to restaurants and shops, famous cultural institutions, Central Park and the Midtown business district. Residents are also provided with a 24-hour concierge service.

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