88 & 90 Lexington Avenue in New York

Name: Sales in 88 & 90 Lexington Avenue started!
Start: 2020-08-17T07:30:06.661793+00:00
End: 2023-12-31T23:59:59+0000
Location: 88 & 90 Lexington Avenue

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Project info

Object ID: 8670

Finished at	December 2016
Price, m²	From 23000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 130.00 m²
Floors	19
Apartments	177
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
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Personal discount certificate 300$
Free consultation	Ask a question

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

2,990,000$

Net profit

9,376$

Payback period

254.4 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for 88 & 90 Lexington Avenue

About the project

88 & 90 Lex, ideally located in dynamic NoMad, is an address that defies expectations. Designed by the acclaimed architectural firm Workshop/APD, this distinctive development represents the union of two buildings — one an Art Deco classic, the other a sleek and modern tower — combined into a single living experience. Sharing an elegant arched entryway and double-height lobby, together they offer a refined selection of studio to four-bedroom residences, along with an extensive collection of amenities.

From studios to grand Penthouses with private outdoor space, to duplex Masionettes, 88 & 90 Lex offers residences that pair seamlessly with any lifestyle. Each thoughtfully designed residence exhibits uncompromising attention to detail, with open kitchens and living spaces, spacious bedrooms with large windows, and serene stone bathrooms with radiant heated floors. Stunning views complete the offering, allowing tremendous light and air, enhanced by expansive vistas of the Chrysler Building, Empire State Building, and the New York Life Building. The deluxe amenity suite at 88 & 90 Lex includes a rooftop terrace, state-of-the-art fitness center, sunlit atrium swimming pool, sauna & steam room, children’s playroom, screening room, game room and lounge, and 24-hour concierge.

The bustling NoMad neighborhood surrounding 88 & 90 Lex is one of New York City’s most desirable residential enclaves, a sophisticated district where beloved local institutions join an ever-expanding roster of the city’s premier restaurants, shops, fitness centers, cafés, and hotels. Situated moments from Madison Square Park and several MTA Subway lines, 88 & 90 Lex offers a convenient and accessible location that puts the best of the city within reach. Contact our sales team for a virtual appointment and to learn more about 88&90 Lex. Immediate Occupancy Available.

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