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The project that marks a new trend: paying after possession - La Nación Propiedades
Source:
www.lanacion.com.ar
September 20, 2023
September 20, 2023
The premium residential complex developed by NorthBaires where the old offices of the Polka production company used to operate is releasing a new batch of apartments to purchase in 70 installments.
They call him “Jackalermo”. It is the meeting point between Colegiales, Palermo and Chacarita and is establishing itself as the most sought-after place to live in the city of Buenos Aires. Among its cobbled streets, green spaces and classic Buenos Aires architecture, vermouth shops, cafes, art galleries and signature establishments from different areas have flourished there. Epicenter of young life and cultural offerings, it is now also the epicenter of a revolutionary real estate proposal: the possibility of finishing paying for an apartment after possession.
The developer NorthBaires, owner of the prestigious OM building brand, was one of the first to detect the phenomenon that was projected over the area and launched a real estate project unique in dimensions and services. With the work already started and deliveries scheduled for within 30 months, OM Palermo is being developed where the offices of the Polka production company operated and impacted the market through a unique purchase modality: a unit of the complex can be purchased financed in 70 installments for an amount that almost represents the value of a monthly rental. And even more: the purchase model allows the owner to finish paying in the years after moving, while already living there.
The success of the proposal motivated NorthBaires to launch this month a new batch of properties under this modality. On an extraordinary piece of land between Jorge Newbery, Maure and Álvarez Thomas and Córdoba avenues, with 35 meters of frontage on both exits, OM Palermo is a residential complex financially and architecturally conceived for the young premium segment, which makes that area of the city a trend pole.
In this new sales stage, the developer allows the purchase of the complex's residences in such a way that those who purchase a unit finish paying for it in 40 monthly installments after moving in, a truly unique format in the current market.
“The model is simple: with an advance payment of 30% of the total unit, you access a payment plan that consists of 70 installments payable over 6 years in two installments. The first 30 installments are paid during the development of the complex and the second 40 installments are paid after the delivery of the unit, already living in the acquired residence,” explains Camilo Herzovich, Commercial Director of NorthBaires.
Temporary income
Due to the area where it is located and the typologies of its units, OM Palermo is a project that arouses a high level of interest in users of temporary rental platforms, such as Airbnb. It is, therefore, ideal for investors who want to take advantage of the temporary income model.
The units, mostly one, one and two-bedroom, start at USD 86,000 for a 33 m2 studio apartment with a balcony. In that case, the advance payment would be USD 25,800 and in the first 30 months the fee would be USD 860 per month. At that moment the owner takes possession of his unit and, after having moved into his own house, will pay 40 installments equivalent to USD 980 per month.
The company even developed a virtual calculator so that interested parties can estimate the fees they would pay based on the unit they are interested in.
The complex is unique, and consists of two buildings of 12 floors each located in the middle of a lot of unthinkable dimensions for the area, since the land occupies a third of the block. It has 35 meters of frontage on both exits and 68 meters deep, offering a total of 270 apartments and exclusive services, such as a landscaped garden, swimming pools, rooftops and a huge internal coworking.
Arriving first has its benefits: OM Palermo is the trend, in the neighborhood that sets trends.
www.buysellba.com
Source:
OM Palermo. El proyecto que marca una nueva tendencia: pagar post posesión
El complejo residencial premium desarrollado por NorthBaires donde funcionaban las viejas oficinas de la productora Polka saca una nueva tanda de departamentos para comprar en 70 cuotas.
www.lanacion.com.ar
September 20, 2023
OM Palermo. The project that marks a new trend: paying after possession
September 20, 2023
The premium residential complex developed by NorthBaires where the old offices of the Polka production company used to operate is releasing a new batch of apartments to purchase in 70 installments.
They call him “Jackalermo”. It is the meeting point between Colegiales, Palermo and Chacarita and is establishing itself as the most sought-after place to live in the city of Buenos Aires. Among its cobbled streets, green spaces and classic Buenos Aires architecture, vermouth shops, cafes, art galleries and signature establishments from different areas have flourished there. Epicenter of young life and cultural offerings, it is now also the epicenter of a revolutionary real estate proposal: the possibility of finishing paying for an apartment after possession.
The developer NorthBaires, owner of the prestigious OM building brand, was one of the first to detect the phenomenon that was projected over the area and launched a real estate project unique in dimensions and services. With the work already started and deliveries scheduled for within 30 months, OM Palermo is being developed where the offices of the Polka production company operated and impacted the market through a unique purchase modality: a unit of the complex can be purchased financed in 70 installments for an amount that almost represents the value of a monthly rental. And even more: the purchase model allows the owner to finish paying in the years after moving, while already living there.
The success of the proposal motivated NorthBaires to launch this month a new batch of properties under this modality. On an extraordinary piece of land between Jorge Newbery, Maure and Álvarez Thomas and Córdoba avenues, with 35 meters of frontage on both exits, OM Palermo is a residential complex financially and architecturally conceived for the young premium segment, which makes that area of the city a trend pole.
In this new sales stage, the developer allows the purchase of the complex's residences in such a way that those who purchase a unit finish paying for it in 40 monthly installments after moving in, a truly unique format in the current market.
“The model is simple: with an advance payment of 30% of the total unit, you access a payment plan that consists of 70 installments payable over 6 years in two installments. The first 30 installments are paid during the development of the complex and the second 40 installments are paid after the delivery of the unit, already living in the acquired residence,” explains Camilo Herzovich, Commercial Director of NorthBaires.
Temporary income
Due to the area where it is located and the typologies of its units, OM Palermo is a project that arouses a high level of interest in users of temporary rental platforms, such as Airbnb. It is, therefore, ideal for investors who want to take advantage of the temporary income model.
The units, mostly one, one and two-bedroom, start at USD 86,000 for a 33 m2 studio apartment with a balcony. In that case, the advance payment would be USD 25,800 and in the first 30 months the fee would be USD 860 per month. At that moment the owner takes possession of his unit and, after having moved into his own house, will pay 40 installments equivalent to USD 980 per month.
The company even developed a virtual calculator so that interested parties can estimate the fees they would pay based on the unit they are interested in.
The complex is unique, and consists of two buildings of 12 floors each located in the middle of a lot of unthinkable dimensions for the area, since the land occupies a third of the block. It has 35 meters of frontage on both exits and 68 meters deep, offering a total of 270 apartments and exclusive services, such as a landscaped garden, swimming pools, rooftops and a huge internal coworking.
Arriving first has its benefits: OM Palermo is the trend, in the neighborhood that sets trends.
www.buysellba.com
