Joy Beacon Hill in Boston

Name: Sales in Joy Beacon Hill started!
Start: 2020-07-30T07:25:19.209529+00:00
End: 2023-12-31T23:59:59+0000
Location: Joy Beacon Hill

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Project info

Object ID: 8323

Finished at	August 2019
Price, m²	From 21250$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 140.00 m²
Floors	5
Apartments	9
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Boylston 2 min Park Street 3 min Tufts Medical/Center 3 min Tufts Medical Center 3 min Chinatown 3 min Bowdoin 3 min Science Park 4 min Herald Street 4 min North Station 4 min East Berkeley Street 5 min Downtown Crossing 5 min Charles/MGH 5 min Arlington 6 min Government/Center 6 min Government Center 6 min Community College 7 min Union Park Street 7 min Haymarket 8 min State 8 min Broadway–/City Hall 10 min Newton Street 11 min South/Station 11 min South Station 11 min Back Bay 12 min Andrew 13 min Worcester Square 13 min Copley 13 min Lechmere 14 min Aquarium 14 min Massachusetts Avenue 15 min Sullivan Square 15 min Lenox Street 17 min Prudential 18 min Assembly 18 min JFK/UMass 19 min Melnea Cass 19 min Wellington 20 min Courthouse 20 min Mass Ave 20 min Fields Corner 21 min Savin Hill 21 min
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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

2,975,000$

Net profit

9,376$

Payback period

253.1 years

Avg property value increase per year

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About the project

The residences at Joy Street are set within thoughtfully restored Federal Era townhouses designed to offer a classic yet contemporary Beacon Hill home. These residences have been reinterpreted for today’s lifestyles with stately and modern interiors that flow seamlessly to unparalleled private outdoor gardens and terraces.

The Joy Street residences enjoy their own rich history as the former headquarters of the Appalachian Mountain Club, a group of trailblazing outdoor enthusiasts essential to the establishment of the Appalachian Trail and who continue to promote the conservation and enjoyment of the great outdoors. This legacy lives on through the distinctive design of these Joy Street homes, which harmoniously integrate grand interiors with handsome gardens and terraces, a true rarity on Beacon Hill.

Developer

Insight Partners is a Boston based real estate investment and development partnership with extensive experience in residential development, …
Details about Insight Partners