301 Covert Street in New York

Name: Sales in 301 Covert Street started!
Start: 2020-08-18T06:44:20.899448+00:00
End: 2023-12-31T23:59:59+0000
Location: 301 Covert Street

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Project info

Object ID: 8696

Finished at	September 2019
Price, m²	From 10200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 51.00 m²
Floors	5
Apartments	19
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

520,200$

Net profit

7,229$

Payback period

54.8 years

Avg property value increase per year

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About the project

301 Covert St is an intimate, newly constructed condominium in Bushwick, Brooklyn. This one of a kind elevator building features 19 luxurious units comprised of 6 floor-through apartments with private outdoor space,2 penthouse units with private roof access, and on-site parking available for purchase. beautiful finishes, 4 white oak hardwood floors, and large light filled windows create an elegant atmosphere in this boutique elevator building.