Milk Factory in New York

Name: Sales in Milk Factory started!
Start: 2020-08-27T07:16:11.269230+00:00
End: 2023-12-31T23:59:59+0000
Location: Milk Factory

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Project info

Object ID: 8894

Finished at	November 2019
Price, m²	From 13200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	4
Apartments	32
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness Kids playground Near school Near kindergarten Near supermarket
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

792,000$

Net profit

7,229$

Payback period

83.4 years

Avg property value increase per year

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About the project

An Architectural Revival in East Williamsburg

The historic building of the Borden’s Dairy Company has been transformed into a whole new space.

With 32 residences, the Milk Factory Condominiums were conceived with individuality in mind — each of the generously scaled apartments is truly unique.

The Milk Factory Condominiums at 850 Metropolitan bear a history that reflects the ongoing metamorphosis of the neighborhood itself.

Developer

We are designers, first and foremost. We believe that good design begins with ideas, and unfolds via subtle compositions of universal elemen…
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