Fifty Third and Eighth in New York

Name: Sales in Fifty Third and Eighth started!
Start: 2020-08-17T07:20:45.275206+00:00
End: 2023-12-31T23:59:59+0000
Location: Fifty Third and Eighth

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Project info

Object ID: 8669

Finished at	November 2017
Price, m²	From 19590$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 61.00 m²
Floors	25
Apartments	252
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

1,194,990$

Net profit

7,813$

Payback period

118.2 years

Avg property value increase per year

Open ROI calculator

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About the project

Fifty Third and Eighth, located at 301 West 53rd Street, is a commanding 25-story brick building. Originally built in 1979, the property is proudly located in the heart of one of Manhattan’s most sought-after, energetic and up-and-coming neighborhoods: Hell’s Kitchen. Upon entering the modern lobby designed by ASH NYC, residents and their guests are greeted day and night by a gracious 24-hour doorman and concierge. Light-filled one, two, and three-bedroom residences reveal skyline, Central Park or Hudson River views. Fifty Third and Eighth offers convenient amenities such as bike storage, as well as fitness and outdoor amenities.

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