567 Ocean in New York

Name: Sales in 567 Ocean started!
Start: 2020-08-20T09:04:36.495835+00:00
End: 2023-12-31T23:59:59+0000
Location: 567 Ocean

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Project info

Object ID: 8772

Finished at	November 2020
Price, m²	From 10500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 38.00 m²
Floors	9
Apartments	108
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
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		193		8078$
Average		52%		37$

Total invested

399,000$

Net profit

5,883$

Payback period

49.4 years

Avg property value increase per year

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About the project

Among the picturesque streets and historic homes of Prospect Park South, 108 brand new homes surround a shared courtyard, emerging as an elevated addition to the creative culture of the neighborhood. 567 Ocean Avenue sits a few short blocks from Prospect Park, granting residents access to Brooklyn's largest green space and the charms of its surrounding community. Embracing elegant living through sublime amenities and luxurious interior finishes in studio to three-bedroom, and even duplex townhouse residences, anyone seeking an inspiring new home in Brooklyn can find new levels of sophistication inside and out of 567 Ocean.