In 2007, the average NYC apartment price was $1.4 million. In 2020, before the pandemic, it was $2.2 million. That’s an increase of 57%.
With over $2.5 billion in successful real estate transactions, we have achieved an average of 26% 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.
Each NFT will then be locked into the smart contract against which the fungible tokens will be minted representing the fractionalized ownership of the fund itself and its assets.
The overall property value of Manhattan is estimated at a staggering $1.4 trillion
Among the world’s most coveted real estate destinations.
The New York City real estate market is one of the most dynamic and consistently high-yielding real estate markets in the world. Consider these stats:
In 2019, the average apartment price was 57% higher than it was in 2007.
The average price per square foot of real estate increased 464% from 1997 to 2021.
Buying? The condo cost per square foot is $1,881 ($20,248 per square meter).
Renting? The average rental price is $3,417 per month.
Our team is not creating a new business model. We are building on top of a previously proven business model that has brought investors great success. On this basis, 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: