253 East 7th in New York

Name: Sales in 253 East 7th started!
Start: 2020-08-18T08:10:08.922938+00:00
End: 2023-12-31T23:59:59+0000
Location: 253 East 7th

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Project info

Object ID: 8706

Finished at	December 2019
Price, m²	From 16700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 150.00 m²
Floors	6
Apartments	6
Building phase	Completed
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

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

2,505,000$

Net profit

9,376$

Payback period

213.1 years

Avg property value increase per year

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Promos and discounts for 253 East 7th

About the project

Situated just off Avenue C and adjacent to a lush community garden, 253 East 7th is ideal for those looking for a quiet residential enclave without sacrificing the convenience of all the restaurants, bars, cafes, and shops that make the East Village the vibrant neighborhood it is today. As for greenspaces, it is less than two blocks from both Tompkins Square Park and all the recreational fields that make up the East River Esplanade.

Each home within 253 East 7th Street features an open plan layout and a collection of high-end fixtures and finishes. These include gorgeous hardwood floors, beautiful floor-to-ceiling windows, airy 9-ft ceilings, exposed concrete accents, in-home washers/dryers, and Cesar NYC-designed kitchens with sleek quartz countertops and fully-integrated Bosch appliances. Building amenities include a virtual doorman system, bicycle storage, and a furnished rooftop deck with picturesque views of the city skyline. Pets are welcome.

Developer

Nortco Development is a privately held real estate development and investment firm based in New York City. Founded by Haim and Rony Nortman …
Details about Nortco