On the Sound City Island in New York

Name: Sales in On the Sound City Island started!
Start: 2020-08-25T12:18:42.672258+00:00
End: 2023-12-31T23:59:59+0000
Location: On the Sound City Island

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Project info

Object ID: 8858

Finished at	December 2017
Price, m²	From 4170$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 187.00 m²
Floors	2
Apartments	43
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Pool Kids playground 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

779,790$

Net profit

9,376$

Payback period

66.3 years

Avg property value increase per year

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About the project

On the Sound is a brand new waterfront community currently being constructed on City Island. Offering a view of the Long Island Sound, the 43 residences feature the latest in new design and construction. Enjoy resort style living at its best!