The Woolworth Tower Residences in New York

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Start: 2020-08-18T07:36:26.973239+00:00
End: 2023-12-31T23:59:59+0000
Location: The Woolworth Tower Residences

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Project info

Object ID: 8702

Finished at	December 2017
Price, m²	From 23750$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 120.00 m²
Floors	61
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV 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

2,850,000$

Net profit

9,376$

Payback period

242.5 years

Avg property value increase per year

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About the project

The Woolworth Building soars above City Hall Park at the gateway to TriBeCa. Unprecedented in size and sophistication when it was first completed in 1913, this graceful tower remains an elegant jewel in the skyline of downtown Manhattan. The top thirty floors have been masterfully transformed by famed French architect Thierry W Despont into The Woolworth Tower Residences: a limited collection of thirty-two luxury TriBeCa condominium residences atop a celebrated New York City landmark. A true limited-edition, now available for immediate occupancy.