The Rennie in New York

Name: Sales in The Rennie started!
Start: 2020-08-29T08:45:01.910669+00:00
End: 2023-12-31T23:59:59+0000
Location: The Rennie

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Project info

Object ID: 8922

Finished at	September 2019
Price, m²	From 11040$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 48.00 m²
Floors	8
Apartments	134
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

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

529,920$

Net profit

6,783$

Payback period

58.7 years

Avg property value increase per year

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About the project

The Rennie brings a medley of brand new condominiums to the heart of the city’s most vibrant neighborhood, replete with stylish finishes, a suite of amenities, environmentally conscious design, and an anticipated 25-year 421a tax abatement*.

Harlem is a place linked inextricably to the artistry, pride, and richness of its community. Long a destination for those in the know, this delightful neighborhood boasts some of Manhattan’s most sought-after dining, performance venues, and cultural institutions. Here, life is for the living.