38-44 Lexington Avenue in New York

Name: Sales in 38-44 Lexington Avenue started!
Start: 2020-08-20T06:50:41.643424+00:00
End: 2023-12-31T23:59:59+0000
Location: 38-44 Lexington Avenue

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Project info

Object ID: 8754

Finished at	August 2019
Price, m²	From 10580$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 170.00 m²
Floors	3
Apartments	12
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

1,798,600$

Net profit

9,376$

Payback period

153.0 years

Avg property value increase per year

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Promos and discounts for 38-44 Lexington Avenue

About the project

This impressive building is comprised of two bedroom homes, two bedroom garden duplex homes with rec rooms and private yards and three bedroom duplex penthouses with two private roof top terraces. Each carefully designed home has its own private entrance and is outfitted with striking hardwood oak floors, oversized floor to ceiling widows, designer kitchen and bathrooms, gas fireplace, washer/dryer hook-up, high ceilings and private storage. Don’t miss the opportunity to be a part of Clinton Hill’s newest and most exciting new development opportunity!