GEOLN.COM 🏠 Real estate in USA New builds in USA New builds in New York 389 E. 89

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389 E. 89 in New York

Name: Sales in 389 E. 89 started!
Start: 2020-08-20T07:01:41.869668+00:00
End: 2023-12-31T23:59:59+0000
Location: 389 E. 89

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Project info

Object ID: 8755

Finished at	December 2016
Price, m²	From 15900$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 80.00 m²
Floors	33
Apartments	156
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness Pool 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

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

1,272,000$

Net profit

8,283$

Payback period

119.9 years

Avg property value increase per year

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Promos and discounts for 389 E. 89

About the project

Brought to market by developer Magnum Real Estate Group, the residences at 389 offer buyers a rare opportunity to become home-owners at an approachable and affordable price point. Re-envisioned by the highly praised Australian architect-designer, Paris Forino, the building is perfectly situated in proximity to the best parks and museums in all of Manhattan, as well as a myriad of shops, and new and established restaurants.

The 156 open loft-3 bedroom residences—including two penthouses—feature elegantly appointed finishes and fixtures including custom Italian kitchen cabinetry, marble countertops and backsplash, and Miele appliances. Within 33 stories most of the residences enjoy breathtaking river and city skyline views. Amenities include a 24-hour attended private residential lobby, residents’ lounge, children’s playroom, communal outdoor terrace replete with grill and garden landscaping on the third floor, fitness center, and spectacular roof deck with 360-degree views of Manhattan and beyond.

Developer

Magnum Real Estate Group is a vertically integrated real estate company based in New York City. The firm’s expansive $4 billion portfolio in…
Details about Magnum Real Estate Group