570 Broome in New York

Name: Sales in 570 Broome started!
Start: 2020-08-21T08:48:59.026765+00:00
End: 2023-12-31T23:59:59+0000
Location: 570 Broome

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Project info

Object ID: 8797

Finished at	December 2019
Price, m²	From 27200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 110.00 m²
Floors	25
Apartments	54
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness Kids playground Near supermarket
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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

2,992,000$

Net profit

9,376$

Payback period

254.5 years

Avg property value increase per year

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About the project

A COLLECTION OF FIFTY-FOUR CONTEMPORARY RESIDENCES THAT DRAW INSPIRATION FROM THE HISTORY AND STYLE OF WEST SOHO.

FROM ACCLAIMED ARCHITECT TAHIR DEMIRCIOGLU, WITH IMPECCABLE INTERIORS BY SKIDMORE, OWINGS AND MERRILL, THE DESIGN REFERENCES THE AREA’S INDUSTRIAL PAST VIA SOARING CEILING HEIGHTS AND A SILHOUETTE EVOCATIVE OF STAGGERED CUBES.