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Madison House in New York

Name: Sales in Madison House started!
Start: 2020-08-25T08:57:07.621375+00:00
End: 2023-12-31T23:59:59+0000
Location: Madison House

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Project info

Object ID: 8850

Finished at	December 2020
Price, m²	From 17000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 87.00 m²
Floors	62
Apartments	199
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Spa Fitness Pool Commercial area 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

1,479,000$

Net profit

9,376$

Payback period

125.8 years

Avg property value increase per year

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About the project

Madison House, a dramatic and shimmering tower designed by Handel Architects in the heart of NoMad, residences start 150 feet up and feature corner exposures, presenting each residence with unique and compelling views.

The Madison House facade evokes the corded formations of natural basalt and plays off the setback architecture of surrounding landmarks. Residents experience direct contact with the extraordinary cityscape—with 11-foot ceilings and nary a column in sight.

Overhead in the lobby, sculptural lighting echoes the pattern of dragonfly wings, signaling Madison House’s place in the heart of the design district. This is a building where special care has been taken, from the artwork in the foyer to the garden terraces of the double-height penthouses.