196 Orchard in New York

Name: Sales in 196 Orchard started!
Start: 2020-08-20T07:11:44.614870+00:00
End: 2023-12-31T23:59:59+0000
Location: 196 Orchard

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Project info

Object ID: 8757

Finished at	March 2019
Price, m²	From 23800$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 63.00 m²
Floors	11
Apartments	89
Condition	Turnkey
Construction type	Monolyth
Security	Reception
Conveniences	Parking Fitness 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

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

1,499,400$

Net profit

7,813$

Payback period

148.3 years

Avg property value increase per year

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Promos and discounts for 196 Orchard

About the project

At the gateway to Manhattan’s most dynamic neighborhood - the Lower East Side. 89 design-driven studio to four bedroom residences. 30,000 square foot Equinox. 4,300 square foot rooftop terrace. A dynamic architectural statement in a location that continually inspires.

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