The Belnord in New York

Name: Sales in The Belnord started!
Start: 2020-08-17T07:05:01.188687+00:00
End: 2023-12-31T23:59:59+0000
Location: The Belnord

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Project info

Object ID: 8667

Finished at	August 2018
Price, m²	From 26700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 150.00 m²
Floors	13
Apartments	215
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness 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

4,005,000$

Net profit

9,376$

Payback period

340.7 years

Avg property value increase per year

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About the project

Three-to-six bedroom condominium residences in the Upper West Side’s most storied building.

Midway between Central Park and Riverside Park, at the center of the vibrant Upper West Side, The Belnord is a masterpiece re-imagined. Architect Robert A.M. Stern, a New York landmark himself, has transformed The Belnord, blending the inimitable quality of the Gilded Age with the innovative sprit of life right now. Here, one of the greatest turn-of-the-century residences, a designated local and national landmark, has been reborn as a contemporary icon reflecting the city’s most glorious epoch.

Pre-war meets contemporary splendor with an unrivaled 30,000 square feet of indoor and outdoor amenities, including a 24-hour attended lobby, expansive porte-cochère, and 22,000 square foot courtyard and garden, evoking total privacy and tranquility. The light-filled, two-story Belnord Club further offers a wealth of options for relaxation and entertainment, including a state-of-the-art fitness center, an impressive double-height sports court, a luxurious Club Lounge with a fireplace, separate dining room, children’s playroom, and teen room.

In the words of developer Ziel Feldman, "It’s the best of all possible worlds, a village in the city, with a special sense of place and pedigree.”

Developer

Founded in 2005 and based in Manhattan, HFZ Capital Group brings together unblinking foresight, fearless creativity and unwavering financial…
Details about HFZ Capital Group