The Farrington in New York

Name: Sales in The Farrington started!
Start: 2020-08-27T08:57:03.122958+00:00
End: 2023-12-31T23:59:59+0000
Location: The Farrington

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Project info

Object ID: 8905

Finished at	May 2020
Price, m²	From 13165$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 52.00 m²
Floors	15
Apartments	1000
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Pool 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

9,495$

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

684,580$

Net profit

7,229$

Payback period

72.1 years

Avg property value increase per year

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Promos and discounts for The Farrington

About the project

The one and two bedroom layouts are generously proportioned, ranging from 566 to 1,115 square feet. Expansive oversized windows reflect the outside, brightening the interiors with welcoming natural light. The smartly styled apartments feature a refined palette that is enhanced by the carefully conceived premium finishes.

These standout finishes include Barcelona Oak wood flooring, Quartz countertops, custom Italian kitchen cabinets and backsplashes in the kitchen, and porcelain tile in the bathrooms, along with Bosch washer/dryers. A terrace completes each unit, so that all residents can enjoy their own private outdoor space.