Condo Development Equity 801
Type:
Target: $630,000
Annual Return: 18.00%+
Min-invest Amount: $21,000
Duration: 36months
Project Complete
CrowdFunz along with Any Realty LLC (Sponsor) are offering the opportunity to invest in the acquisition and ownership of a condo, Aster Garden in Ocean Avenue, Brooklyn. The primary objective of this fund is to buy the land, demolish old house and build 10 units , 6 floors condo with refined decoration and sell the property within 3 years.
It is estimated that the total cost would be $3,150,000, including bank loan $1,650,000, equity investment $1,500,000 and it is expected to benefit $1,450,000 from it. The developer will invest $825,000(55%) and CrowdFunz along with all the investors will contribute 45%, which is $675,000 investment. CrowdFunz will invest $75,000, and share the risk with investors, on the other hand, CrowdFunz will charge investors 5% of the management fee and 15% of the profit sharing after the project is completed.
It is estimated that the total cost would be $3,150,000, including bank loan $1,650,000, equity investment $1,500,000 and it is expected to benefit $1,450,000 from it. The developer will invest $825,000(55%) and CrowdFunz along with all the investors will contribute 45%, which is $675,000 investment. CrowdFunz will invest $75,000, and share the risk with investors, on the other hand, CrowdFunz will charge investors 5% of the management fee and 15% of the profit sharing after the project is completed.
- Location: 2491 Ocean Ave, Brooklyn, 11229
- Block & Lot: Brooklyn, Block 7325, Lot 67
- Lot Area: 25 x 100 Ft
- Zoning: R6A Zoning (FAR 3.0)
- Plan: 6 stories, 8,250 Sq Ft building, 10 Units Condo (1 BR Apt)
- Architect: Tan Architect
- Good location: The property is located in Chinese community , walking distance to subway, 30 minutes from downtown Manhattan and easy access to all the living facilities.
- Easy process：Construction plan is easy to be implemented without changing the current plan. Risk is under control.
- Reasonable Price: The price of the property area is rising steadily. The market demand for the Solo is in vigorous growth.
- Clear Structure: Sponsor will be holding more than half of the shares(55%) to share the risk and benefit with all the investors. CrowdFunz will also participate with investing 5% and keep follow-up with the whole project.
- Nationwide funding: We offer accredited investors to high-quality real estate investment opportunities in strict accordance with the law of JOBS ACT, due diligence to investors and sponsors by the third party.
PPM (Only available to accredited investors)
Subscription Agreement (Only available to accredited investors)
Subscription Agreement (Only available to accredited investors)
Operating Agreement (Only available to accredited investors)
Appraisal (Only available to accredited investors)
Appraisal (Only available to accredited investors)