Gramercy North in New York

Name: Sales in Gramercy North started!
Start: 2020-08-25T08:06:49.531203+00:00
End: 2023-12-31T23:59:59+0000
Location: Gramercy North

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Project info

Object ID: 8844

Finished at	November 2020
Price, m²	From 17250$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 140.00 m²
Floors	15
Apartments	14
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness 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

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

2,415,000$

Net profit

9,376$

Payback period

205.4 years

Avg property value increase per year

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About the project

Gramercy North is a limited collection of fourteen full-floor condominiums, conveniently located at the nexus of Downtown Manhattan. Inspired by urban life and timeless Italian design, residences are thoughtfully designed with impeccable Italian finishes, neutral colors, and floor to ceiling windows for naturally illuminated city views. Gramercy North offers private yet flexible living with remarkably low monthly fees in one of the city's most prestigious neighborhoods.