737 Park Avenue in New York

Name: Sales in 737 Park Avenue started!
Start: 2020-08-21T11:49:16.520763+00:00
End: 2023-12-31T23:59:59+0000
Location: 737 Park Avenue

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Project info

Object ID: 8809

Finished at	August 2013
Price, m²	From 30000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 270.00 m²
Floors	20
Apartments	60
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
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

8,100,000$

Net profit

9,376$

Payback period

689.1 years

Avg property value increase per year

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Promos and discounts for 737 Park Avenue

About the project

737 Park Avenue, built in 1940 at the northeast corner of 71st street, has been transformed into a contemporary Upper East Side condominium residence taking its place alongside Park Avenue's grand penthouses. Each home is thoughtfully designed with gracefully flowing layouts, generous uses of space, large living, dining and bedrooms, solid oak floors and new casement windows. Residents enjoy 24-hour doorman and elevator operators, a resident manager, fitness center, children's playroom, private storage and bicycle and stroller storage. Entertaining, dining and social events are available in our garden room - a wonderful amenity unique to 737 Park Avenue residents.

Developer

Founded in the mid-1960’s by Harry Macklowe, the company has been an active and profitable developer, owner, and manager of a diverse array …
Details about Macklowe Properties