165 Chrystie Street in New York

Name: Sales in 165 Chrystie Street started!
Start: 2020-08-18T08:17:34.280077+00:00
End: 2023-12-31T23:59:59+0000
Location: 165 Chrystie Street

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Project info

Object ID: 8707

Finished at	March 2017
Price, m²	From 20000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 150.00 m²
Floors	10
Apartments	8
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness 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

3,000,000$

Net profit

9,376$

Payback period

255.2 years

Avg property value increase per year

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About the project

Driving the overall design and construction intent of 165 Chrystie Street was the goal to provide the most pivotal and desired features for quality city living. In the end, the desire for light and air is met with lofty 9’2” ceiling heights, sound mitigating multi-paned sliding glass windows, private outdoor spaces and views overlooking the park. Quality living is enhanced with the utmost in privacy (with only 1 unit per floor), smart layouts (with entertaining in the front and sleeping quarters in the back), end user flexibility for customization (pre-wiring for smart home system) and energy efficiency (multi zoned HVAC units, and in-unit vented washer/dryer sets).

Sleek open kitchens with breakfastbars are dressed with white veined crystal quartzite countertops, backsplashes & islands, and rich fumed oak cabinetry accented with Dornbracht fixtures. The modern Italian custom cabinetry allows for beautiful shelving and storage solutions while a fullsuite of Miele appliances finish the spaces. A dedicated area off the kitchen can be well served as a dining area or quartered of to create a space to fit your specific needs.

Fostering the need for a quiet retreat, your bedroom suites are set back to the rear of the residence, pre-wired for electronic blinds and outfitted with triple paned windows for maximum seclusion and peaceful rest. The master suite features a walk-in closet as well as access to your home's private balcony.

A serene color palette of neutral wood cabinetry with white marble floors and walls finish the well-appointed bathrooms that come complete with unique and expansive double standing showers, radiant floor heating, custom vanities, wall hung toilettes, dual under basins with attractive nickelfinished fixtures, as well as, ample storage solutions for your everyday essentials

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