99 Morningside Avenue in New York

Name: 📣 300$ — discount certificate
Start: 2020-08-24T09:25:13.880015+00:00
End: 2023-12-31T23:59:59+0000
Location: 99 Morningside Avenue

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Construction

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Project info

Object ID: 8820

Finished at	June 2020
Price, m²	From 22000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	11
Apartments	23
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Commercial area 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

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

660,000$

Net profit

5,906$

Payback period

81.5 years

Avg property value increase per year

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About the project

Nestled directly across from Morningside Park in the tree-lined heart of Harlem, 99 Morningside delivers twenty-three spacious condominium residences built for modern living. An elegant façade characterizes the building's design with a series of cascading private terraces offering uninterrupted views. Floor-to-ceiling windows flood every residence with natural light. Every home enjoys the coveted low-tax benefit of a 15-year 421-a tax abatement.