The Astor in New York

Name: Sales in The Astor started!
Start: 2020-08-17T07:48:13.180111+00:00
End: 2023-12-31T23:59:59+0000
Location: The Astor

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Project info

Object ID: 8672

Finished at	December 2016
Price, m²	From 19900$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 88.00 m²
Floors	12
Apartments	98
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness 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

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

1,751,200$

Net profit

9,376$

Payback period

149.0 years

Avg property value increase per year

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About the project

Recognizable by its three towers between 75th and 76th Streets on Broadway, this turn-of-the-20th-century luxury Upper West Side condominium seamlessly combines classic architectural design with modern finishes. The Astor was commissioned by William Waldorf Astor in 1901, updated with the addition of a third tower in 1914, and recently restored by the venerable design firm of Pembrooke & Ives. Exceptional prewar details remain, from the decorative cornice that crowns the exterior to the intricate mosaic and marble details that lend the lobby its elegant and welcoming character.

Discreetly step off Broadway through bronze-and-glass doors into the lobby, where carefully restored original details – elaborate crown molding, marble wainscoting and columns, intricate mosaic tiling – live alongside artful modern additions, including a monolithic marble slab concierge desk with bronze inlays, a commissioned plaster wall sculpture, and contemporary furnishings that invite socializing. The juxtaposition creates an understated elegance that feels right for today, while still speaking to a bygone era of quality and craft.

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