Gridiron in Seattle

Name: Sales in Gridiron started!
Start: 2020-09-07T08:10:36.473297+00:00
End: 2023-12-31T23:59:59+0000
Location: Gridiron

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Project info

Object ID: 9102

Finished at	January 2018
Price, m²	From 8825$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 43.00 m²
Floors	11
Apartments	107
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Commercial area 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

379,475$

Net profit

6,783$

Payback period

42.0 years

Avg property value increase per year

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About the project

Gridiron is an irreplaceable fusion of historic and contemporary. The community of 107 glass-sheathed residences has been constructed from the ground up while carefully preserving the brick facade of the 115-year-old iconic Johnson Plumbing building in Pioneer Square. The restored masonry exterior on the first floor will welcome vibrant retail surrounded by the warm brick and rustic beams. Within Seattle’s newest downtown condominiums above, Pioneer Square based designer Jennie Gruss layered light, texture, and color to create a contemporary, neutral backdrop to the historic building surround and the urban energy outside.