242 Broome in New York

Name: Sales in 242 Broome started!
Start: 2020-08-18T07:21:05.934025+00:00
End: 2023-12-31T23:59:59+0000
Location: 242 Broome

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Project info

Object ID: 8700

Finished at	December 2018
Price, m²	From 23400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 115.00 m²
Floors	14
Apartments	55
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area 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

2,691,000$

Net profit

9,376$

Payback period

228.9 years

Avg property value increase per year

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About the project

Situated in the heart of the Lower East Side, 242 Broome’s new condominium residences offer contemporary luxury and style in New York City’s most storied neighborhoods. The building is clad in a champagne-colored façade designed by the renowned SHoP Architects, with an anodized aluminum surface that glimmers in the sunlight. An enticing range of cultural and culinary options await within walking distance and beyond in the East Village, NoHo, Nolita, and SoHo, while Midtown Manhattan and Downtown Brooklyn are just minutes away by subway.

Developer

We are known for our ability to assemble the right team to handle each phase of development and ensure that diverse interests are aligned. O…
Details about L+M Development Partners, Inc.