Millo Astoria in New York

Name: Sales in Millo Astoria started!
Start: 2020-08-25T09:18:31.918400+00:00
End: 2023-12-31T23:59:59+0000
Location: Millo Astoria

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Project info

Object ID: 8851

Finished at	May 2020
Price, m²	From 11200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 43.00 m²
Floors	5
Apartments	64
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

481,600$

Net profit

6,783$

Payback period

53.4 years

Avg property value increase per year

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Promos and discounts for Millo Astoria

About the project

Featuring a sizable serene garden in the rear of the building, Millo Astoria offers a high-quality living standard through the combination of well-crafted architecture and natural surroundings. Clean line design provides urban space of elegance, simplicity and functionality.

Millo was designed with the awareness that direct access to spacious outdoor space truly elevates the quality of living. Millo provides a ~7,100 sq. ft. communal garden available for the enjoyment of all residents. The spacious rear yard is nested by low-rise houses and buildings that are typical in Astoria. The rear yard of this size is a rare gem in New York City providing a peaceful and quiet place away from busy city living. The ~4,000 sq. ft. deck area provides communal dining tables/benches for social gatherings along with linear planters with Wintergreen Boxwood, Lily Turf and others. The ~3,000 sq. ft. graveled area provides a serene and quiet space arranged with colorful planters with Garden Sage, Muhly Grass, Black eyed Susan, Dianthus flowers, and others. Further, most residences at Millo have their own private outdoor space to enjoy.

The lobby carries some of the language of the exterior of the building to its inside and proposes a transition between the colder metal materiality and the warmer natural palette that the intimate residences propose.

On one hand, the lines of the panels on the exterior finds themselves reinterpreted through feature walls of standing steel. On the other hand, wood elements and roman plasters are introduced. Leather, clay pots, and fabrics all layer up to create a cozy feel, half way between the elegance of a grand lobby and a living room.