101 Wall in New York

Name: Sales in 101 Wall started!
Start: 2020-08-14T07:24:21.275965+00:00
End: 2023-12-31T23:59:59+0000
Location: 101 Wall

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Project info

Object ID: 8656

Finished at	December 2018
Price, m²	From 14500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 130.00 m²
Floors	26
Apartments	52
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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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

1,885,000$

Net profit

9,376$

Payback period

160.4 years

Avg property value increase per year

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About the project

In the midst of downtown with the Waterfront Esplanade mere steps away, 101 Wall Street's elegant 1931 facade of glazed brick and bronze hearkens back to Lower Manhattan's past with its Art Deco construction. The new luxury condominium residences at 101 Wall Street, designed by internationally celebrated Dutch designer Piet Boon, feature Boon's characteristic aesthetic of refined sophistication and graceful simplicity. Contemporary living spaces, landscaped setback terraces with classic views of New York City, and the thoughtful preservation of original decorative interior elements in the restored lobby all combine to bring the refinement of an earlier age into the 21st century.

Developer

The Claremont Group is a family owned firm headed by Alex Lari, a civil engineer by training with over thirty years of international develop…
Details about The Claremont Group