How does it work?

Watch our video below

What is NYCREC?

The New York City Real Estate Coin (NYCREC) breaks down the barriers to entry for real estate in New York City.

NYCREC uses the blockchain to offer token holders fractional interest in an actual asset---buildings in NYC---making real estate more accessible and transparent.

Token holders can enjoy some of the benefits that come with owning real estate.

Another innovation is that the Fund (NYRCEC) will own the NFTs, as they will be locked into the NYCREC smart contract, but the protocol to be built can be used to create new funds and single-asset ownership structures.

Led by a team of seasoned professionals who have traded billions in real estate and on Wall Street, NYCREC is an asset-backed token set to disrupt the NYC property market.

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%.

$2.5B IN TRADES, 26% IRR

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.

A history of success

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.

Total transparency

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.

Adding Value with NFTs

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

Why New York City?

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.


Disruption in real estate

This is just the beginning

The NYC real estate market, which has historically been illiquid and reserved for the affluent, is ripe for disruption. NYCREC can transform the way real estate transactions are bundled and sold.

Thanks to blockchain technology, we have the opportunity to create a new model for a democratized, efficient real estate transactions available to people around the world.

Backed by a valuable, hard asset in a market with a history of high appreciation, we believe fractional interest of real estate is the future in all locations, not just NYC.

Once we prove the model in New York City, we plan on expanding to real estate hot spots around the world, such as London, Hong Kong, San Francisco, and Dubai.

  • Over $2.5 billion in real estate transactions
  • A team with a proven 30+ year history
  • 26% year-over-year risk-adjusted returns

Want to know more? Read our white paper.

Download Whitepaper


Some of the organizations and companies we’ve worked for:


1. Inital Offering
2. Originate acquisition targets
3. Analyze historical & expected cash flows and risks
4. Select targets
5.Conduct physical & forensic due diligence
6. Negotiate purchase & financing
7.Complete acquisition
8. Restructure, enhance operations and valuation
9.Evaluate target divestiture value & optimal holding period
10.Divest, recapitolize or hold

Copyright 2021 © New York City Real Estate Coin • All rights reserved