575 Fourth in New York

Name: Sales in 575 Fourth started!
Start: 2020-08-21T08:57:37.555424+00:00
End: 2023-12-31T23:59:59+0000
Location: 575 Fourth

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Project info

Object ID: 8798

Finished at	December 2019
Price, m²	From 12250$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	11
Apartments	70
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

735,000$

Net profit

7,229$

Payback period

77.4 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for 575 Fourth

About the project

INTRODUCING 575 FOURTH, 70 contemporary one- to four-bedroom homes with a remarkable 20,000 sq. ft. of amenity spaces. Thoughtfully designed, these residences employ a modern vision of Brooklyn; offering over 50 unique layouts, most with private outdoor space and scenic city views. Two perfectly-landscaped greenspaces offer a quarter acre of private outdoor space, while indoor perks include an attended lobby, children’s playroom, a music room, and much more. The result is a lifestyle of superior variety, convenience and comfort in one of Brooklyn’s most popular neighborhoods. 575 Fourth: Uniquely Park Slope.

Developer

The Daten Group LLC (“Daten”) is a full service real estate investment, development and consulting firm. Since its inception in 2001, Daten …
Details about The Daten Group