In 2007, the average NYC apartment price was $1.4 million. In 2017, it was $2.2 million. That’s an increase of 57%.
By owning NYCREC, you have fractional interest in the NYC properties we acquire after the ICO, so you’re entitled to your share in the profits. We’ll pay out dividends via Ethereum airdrops to all token holders, based on their percentage share of the total number of tokens.
With over $15 billion in successful real estate transactions, we have achieved up to 25% year-over-year risk-adjusted returns throughout our history (keep in mind, the industry average is 17.8%). We know the NYC market inside and out.
Our team is made up of real estate and financial professionals with decades of experience in sophisticated real estate acquisition and cash flow generation strategies. Our CVs include executive positions at PIMCO, Morgan Stanley, Citigroup, Deutsche Bank, and more.
All NYCREC token holders will have access to quarterly and yearly reports on earnings, occupancy, acquisitions, and dispositions. Our token holders are our lifeblood, so from acquisition to liquidation, we want you to be informed every step of the way.
The overall property value of Manhattan is estimated at a staggering $1.4 trillion
Beacuse it's one of the world’s most coveted real estate marketplaces.
New York City has historically been one of the most dynamic and consistently high-yield real estate destinations in the world.
Just consider these statistics:
In 2017, the average apartment price was 57% higher than it was in 2007.
The average price of real estate increased 250% from 1974 to 2006.
Buying? The cost per square foot is $1,773 ($19,084/m2).
Renting? The average rental price is $3,417 per month.
Our team is not creating a new business model for an ICO. Nor are we asking token holders to believe in our potential for success.
Rather, we are building our ICO on top of a previously proven business model that has brought us great success. And our interests are very much aligned with our token holders.
Our team has decades of experience and we're ready to disrupt the New York City real estate market.
Some of the organizations and companies we’ve worked for:
If you are a citizen or a legal resident of the United States, or if you are a citizen or legal resident of a country in which ICOs have been banned, you may not participate in the NYCREC, a Regulation S securities offering.