CODA in New York

Name: Sales in CODA started!
Start: 2020-08-20T07:20:41.623234+00:00
End: 2023-12-31T23:59:59+0000
Location: CODA

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Project info

Object ID: 8758

Finished at	August 2017
Price, m²	From 15200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 103.00 m²
Floors	21
Apartments	103
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

1,565,600$

Net profit

9,376$

Payback period

133.2 years

Avg property value increase per year

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About the project

In a dynamic location just moments from the best restaurants in Gramercy and the East Village, the vibrancy of Madison Square Park, the jogging path on the East River Greenway, and easy accessibility to Midtown, CODA offers the best of Downtown living. Fresh and airy light-filled interiors by renowned D’Apostrophe Design highlight thoughtful layouts with a modern touch. A considered collection of materials including European Oak flooring, white lacquer kitchen cabinetry, and distinct selections of stone create stylish comfortable residences.

Amenities and services include: 24-hour attended lobby, live-in Resident Manager, private fitness room programmed by The Wright Fit, residents’ lounge, private storage, landscaped residents' terrace with grill, and a fully furnished and landscaped roof deck.

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