The Brooklyn Grove in New York

Name: Sales in The Brooklyn Grove started!
Start: 2020-08-19T07:37:19.174538+00:00
End: 2023-12-31T23:59:59+0000
Location: The Brooklyn Grove

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Project info

Object ID: 8734

Finished at	December 2019
Price, m²	From 13720$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 43.00 m²
Floors	27
Apartments	184
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Spa Fitness Pool Commercial area 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

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

589,960$

Net profit

6,783$

Payback period

65.4 years

Avg property value increase per year

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About the project

Designed by award-winning architect, ODA New York, The Brooklyn Grove offers light-filled homes illuminated by distinctive stones and burnished metals. Innovative aquatic, fitness, and entertaining spaces create a brilliant dual-level amenity area, with entrances at Nevins Street and Grove Place.

Located at the nexus of the Borough's most coveted neighborhoods - Boerum Hill, Fort Greene, and Brooklyn Heights - The Brooklyn Grove is moments away from noteworthy culinary and cultural offerings, and stylish boutiques.

Developer

Vanke US is a trusted local strategic partner to real estate developers on both commercial and residential projects. Based in New York and S…
Details about Vanke US