12EAST88 in New York

Name: Sales in 12EAST88 started!
Start: 2020-08-31T06:58:48.393439+00:00
End: 2023-12-31T23:59:59+0000
Location: 12EAST88

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Project info

Object ID: 8937

Finished at	November 2016
Price, m²	From 19670$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 150.00 m²
Floors	13
Apartments	39
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

2,950,500$

Net profit

9,376$

Payback period

251.0 years

Avg property value increase per year

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About the project

This one-hundred-year-old building, designed by Rosario Candela, blends pre-war details with present-day design. The virtuoso of Uptown architecture and aesthetic, Candela is the mastermind behind a number of New York City’s most coveted residences. 12 East 88th Street lends itself to both formal and contemporary living and flawlessly achieves a unique interweaving of old and new.

Inside, 12 East 88th Street is beautifully reimagined as a limited collection of distinctive residences with visionary interiors by the award-winning Champalimaud Design, known for their world-class residential, hospitality and public spaces. The residential floorplans by Kinlin Rutherfurd balance impressive rooms and intimate galleries, and masterfully integrate the outdoors with a graceful courtyard garden

Developer

Jonathan Simon and Matthew Baron lead Simon Baron. The firm focuses on developing best-in-class real estate assets in growing urban markets.…
Details about Simon Baron