17 Jane Street in New York

Name: 📣 300$ — discount certificate
Start: 2020-08-20T06:39:11.169546+00:00
End: 2023-12-31T23:59:59+0000
Location: 17 Jane Street

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Project info

Object ID: 8753

Finished at	December 2020
Price, m²	From 276142$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	6
Apartments	7
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

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

8,284,260$

Net profit

5,906$

Payback period

1022.4 years

Avg property value increase per year

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About the project

New York’s West Village is rich in timeless townhouses and prewar cooperatives, but new condominiums are few and far between, perhaps because of the design and height restrictions imposed by the Greenwich Village Historic District. Indeed, it took four tries for Minskoff Equities’ residential development at 17 Jane Street to earn the approval of the Landmarks Preservation Commission.

David Chipperfield Architects, designer of The Bryant and the Rolex Building, was undaunted, revising the project to meet commissioners’ demands and drawing inspiration from pre-war residential buildings nearby. Renderings show a red brick building with precast panels, a precast cornice running the length of the building, and nine individual Juliet balconies on the second floor. Most recently, a site visit saw construction nearly complete and a sales launch on the horizon.