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347 Bowery in New York

Name: Sales in 347 Bowery started!
Start: 2020-08-19T09:07:16.811985+00:00
End: 2023-12-31T23:59:59+0000
Location: 347 Bowery

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Project info

Object ID: 8741

Finished at	December 2017
Price, m²	From 24000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 270.00 m²
Floors	13
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking 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

6,480,000$

Net profit

9,376$

Payback period

551.3 years

Avg property value increase per year

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About the project

347 BOWERY is located on a south-west, light-infused corner at the crossroads of Noho and the East Village, across from the Bowery Hotel at the culmination of Great Jones Street. Comprised of a series of 5 stacked town-homes composed of 4 duplexes and one triplex penthouse with surprisingly impressive views both architecture and interiors are by world-acclaimed architect Annabelle Selldorf. Developed by Urban Muse, a developer known for developing extraordinarily special buildings such as 200 Eleventh Avenue, The Chelsea Arts Tower and the Townhomes of Downing Street, this building is destined to be an instant landmark.