The Zipper Building in New York

Name: Sales in The Zipper Building started!
Start: 2020-08-29T08:36:19.631480+00:00
End: 2023-12-31T23:59:59+0000
Location: The Zipper Building

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Project info

Object ID: 8921

Finished at	November 2019
Price, m²	From 16400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	8
Apartments	40
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

9,495$

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

984,000$

Net profit

7,229$

Payback period

103.6 years

Avg property value increase per year

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About the project

This premium 41-unit condominium residence resonates to the unmistakable rhythm of Long Island City. The neighborhood’s historic past comes into focus here in the building’s thoughtful conversion from its life as a former zipper factory.

The converted building preserves the character of its original early 20th century structure, fitted with luxurious finishes and amenities that represent modern craftsmanship at its best.

Developer

Circle F is a family company that have been investors and stewards of capital for three generations. Throughout that time, they have capably…
Details about Circle F Capital