Long Island City, Queens, NY
8.0% - 9.0%
Gross Financing: $4,000,000
* (Phase I. Investment:$2,000,000，the expected closing date is Mar 15th, 2019 or after fundraising accomplished)
* (Phase II. Financing:$2,000,000，the expected closing date is May 1st, 2019 or after fundraising accomplished)
Expected Return: 8.0%-9.0%(and condo book price discount)
Investment Type: Preferred Equity
Minimum Investment: $10,000 per Membership Unit
Investment Duration: 18 Months
Payment Period: Semi-annual Payment in advance
* As of May 2018, the final market vacant land value is $19,000,000.It is estimated that the project will be valued at about 70 million after its completion in April 2020. The appraisal report is provided by CBRE.
* Subscribers of 1 to 9 membership units gain 8.0% expected return；Subscribers of 10 to 24 membership units gain 8.5% expected return, also, subscribers will able to get 1% off from the condo book price if he/she commit to purchase an unit of the building；more than 25 membership units gain 9.0%. subscribers will able to get 4% off from the condo book price if he/she commit to purchase an unit of the building. The selling price is subject to the Condo book approved, for more information please contact Crowdfunz.com.