650 Metropolitan Avenue in New York

Name: 650 Metropolitan Avenue
Brand: Onsite Project Consulting
SKU: 8806
Availability: InStock

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Project info

Object ID: 8806

Finished at	September 2019
Price, m²	From 13160$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 68.00 m²
Floors	6
Apartments	8
Condition	Turnkey
Construction type	Monolyth
Security	—
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

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

894,880$

Net profit

7,813$

Payback period

88.5 years

Avg property value increase per year

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About the project

650 Met is an exceptional boutique condominium development, boasting 8 beautifully crafted, artisan quality apartments in Williamsburg. Situated centrally in prime Williamsburg with access to entertainment and travel. Each residence, meticulously designed, combines Brooklyn charm with refined finishes. Framed by a beautiful white brick exterior each apartment is replete with oversized sound-resistant windows which lend to an abundance of natural light throughout. This spectacular elevator building also boasts private storage included with each apartment. Take the elevator to the top and find an expansive common roof deck with sweeping views of the city; built in bar/entertaining area for wherever the night takes you. Design, High-end Materials and an attention to details combine to evoke a historical Williamsburg with uncompromising craftsmanship with an eye towards the futu