529 Park Place in New York

Name: Sales in 529 Park Place started!
Start: 2020-08-21T11:36:35.677778+00:00
End: 2023-12-31T23:59:59+0000
Location: 529 Park Place

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Project info

Object ID: 8808

Finished at	April 2020
Price, m²	From 12640$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 91.00 m²
Floors	4
Apartments	8
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness 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

1,150,240$

Net profit

9,376$

Payback period

97.9 years

Avg property value increase per year

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Promos and discounts for 529 Park Place

About the project

Four blocks from Prospect Park, surrounded by a diverse array of cafés and restaurants, and near Brooklyn’s flagship Greenmarket at Grand Army Plaza, 529 Park Place is the ideal setting for people who cherish the quintessential Brooklyn lifestyle. Most of the one-, two-, and three-bedroom residences in this newly constructed five-story brick building have private outdoor space. All enjoy abundant light as well as charming views over the tree-lined streets, neighboring townhomes, and boutique-scale properties. Central HVAC ensures perfect comfort all year-round while a maximum of two residences per floor contributes to a tranquil atmosphere.

Interiors by New York designer Penelope Kim bring contemporary style together with classic craftsmanship to create timeless appeal. Custom kitchens with white cabinetry, quartz countertops, Calacatta Cressa honed marble subway tile backsplashes, and Treefrog walnut straight grain wood veneer islands are equipped with stainless steel appliances by Bosch and Liehherr. Master bathrooms designed with honed Carrara walls and chevron mosaic honed Carrara marble floors feature custom vanities with matte black fixtures by California-based luxury manufacturer Phylrich. All living areas and bedrooms are finished with four-inch natural hardwood oak flooring.