90 Morton Street in New York

Name: Sales in 90 Morton Street started!
Start: 2020-08-24T09:03:39.917832+00:00
End: 2023-12-31T23:59:59+0000
Location: 90 Morton Street

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Project info

Object ID: 8818

Finished at	November 2019
Price, m²	From 32860$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 210.00 m²
Floors	12
Apartments	35
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness Pool 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

6,900,600$

Net profit

9,376$

Payback period

587.0 years

Avg property value increase per year

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About the project

This is the reinvention of 90 Morton Street, a turn-of-the-century building that will remain inextricably linked to the West Village and its classical New York historical roots and aesthetic.

The building’s open and expansive spaces, high ceilings, and vast casement style windows harken back to the lofts and studios that were inhabited by generations of artists and manufacturing businesses. Now, a new generation of city dwellers will take up residence within these spaces.