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The Sutton in New York

Name: Sales in The Sutton started!
Start: 2020-08-17T09:11:37.241767+00:00
End: 2023-12-31T23:59:59+0000
Location: The Sutton

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Project info

Object ID: 8679

Finished at	December 2016
Price, m²	From 21000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 310.00 m²
Floors	29
Apartments	113
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness Pool 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

6,510,000$

Net profit

9,376$

Payback period

553.8 years

Avg property value increase per year

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About the project

Located on the 28th and 29th floors, the duplex Penthouse offers incredible panoramic views of the East River and Manhattan skyline including the iconic Empire State and Chrysler buildings. This 3,356 SF, 3-bedroom, 3.5 bath residence features sprawling entertainment spaces and three different private terraces, totaling 1,459 SF of outdoor space contributing to a fantastic flow of indoor/outdoor living from sunrise to sunset. Enjoy a private outdoor resistance pool which doubles as a hot tub during the colder months. Soaring 12' ceilings, massive UV glazed windows, and extensive wall space combine to create an unparalleled opportunity for art collectors. Low common charges coupled with a 421A tax abatement. Taxes will remain at only $673 for the next six years! An amazing opportunity to custom design your dream home.

Developer

Toll Brothers City Living® is the urban development division of Toll Brothers, Inc., the nation's leading builder of luxury homes. Toll Brot…
Details about Toll Brothers City Living