One Sixteen in New York

Name: Sales in One Sixteen started!
Start: 2020-08-26T08:20:11.145754+00:00
End: 2023-12-31T23:59:59+0000
Location: One Sixteen

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Project info

Object ID: 8866

Finished at	December 2019
Price, m²	From 6200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 65.00 m²
Floors	8
Apartments	86
Building phase	Completed
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

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

403,000$

Net profit

7,813$

Payback period

39.9 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for One Sixteen

About the project

Come home to the sea and the sky in the Rockaways. One Sixteen is ideally situated at the heart of this beachfront community, right on the water and convenient to the subway and ferry.

Situated on Beach 116th Street—Rockaway’s most convenient thoroughfare—and just a block from the ocean, One Sixteen is at the center of a rich, vibrant seaside community.

Coastal relaxation meets convenience in Rockaway. With a variety of transportation options including the A train at Beach 116th Street and the Rockaway Ferry, Manhattan is within a 1-hour commute.