Annual Return: 8.50% - 8.75%
Min-invest Amount: $10,000
Duration: 6 – 12 Months
|Fund Type||Private Equity Fund|
|Estimated Return||8.50 – 8.75% Annualized Return*1|
|Investment Type||Equity Pledge Loan|
|Unit Price||$10,000 per Subscription Unit|
|Offering Date||July 2023|
|Investment Timeline||6 – 12 Months*2|
|Dividend Schedule||Prepaid per 6 Months*3|
*1 8.50% Annualized Return for Investment of 1-19 Units; 8.75% Annualized Return for Investment above 20 Units.
*2 Investors will receive a minimum of 6 months of dividend. After 6 months, dividends will be calculated in terms of days, till principal is repaid.
*3 Investors will receive prepaid dividend before every period of 6 months.
|Address||45-02 Queens Blvd, Sunnyside, NY, 11104|
|Area||Sunnyside, Queens, New York|
|Lot Area||13,035 Sqft|
|Building Area||84,584 Sqft|
|Intended Use||63 Residential Rental Units, 5 Commercial Rental Units, 24 Parking Spots, and 33 Bike Spots|
|Construction Duration||22 Months|
|Expected Dividend Calendar|
|Round of Dividend||Dividend Date *1||Counting Date||Ending Date||Dividend Period||Notes|
|First||No Later than|
|7/25/2023||1/24/2024||184 days||Prepaid Dividend *2|
|Second||No Later than|
|1/25/2023||7/24/2024||182 days||Extension Option Owned by Developer *3<|
*1 In case of holidays and non-working days, the dividend date will be automatically postponed to the next working day.
*2 Investors will receive at least 184 days of dividends. After 6 months, dividends will be calculated in terms of days till Developer repays the loan.
*3 After the first dividend period, Developer owns 1 extension option, and investors will receive dividends accordingly at the same dividend rate.
|Construction Loan from Commercial Bank||$25,000,000||62.97%|
|CrowdFunz Fund 836 Equity Pledge Loan||$2,200,000||5.54%|
|Developer Equity Value||$12,500,000||31.49%|
|Zip Code 11104|
|High School Degree or Above||64.96%|
|Commute Area||Metropolitan (99.8%)|
|Average Family Income||$83,303|
|White / Blue Collar||82.81%/17.19%|
|Average Family Size||2|
Known for its prime location and convenient public transit, Sunnyside has attracted new real estate developments and residents in recent year。
Most residents in Sunnyside are young professionals from diverse backgrounds with stable income and spending power。
Residents are on-average of 39 years old; child-bearing family is accounted for 22.84%. Most residents rent their homes due to high buying demands and shortage of residential units。
* Source: Point2homes.com in July 2023
According to market data from CoStar, rental apartments in Sunnyside have strong demands. The past decade had seen 223 new properties and 7,309 rental units, yet vacancy rate is merely 0.60%. In addition, compared to 1.27% in the 2000-2010 period, the vacancy rate has dropped further, highlighting the vitality of the local rental housing market。
According to Rental Market Report provided by Douglas Elliman, in the first quarter of 2023, the average rent in Long Island City, Astoria, Sunnyside, and Woodside had increased to $3,577 per month, which is recovered from the impact of pandemic and has reached new high。
* Source: Appraisal Report, Colliers International.
* Source: Rent estimation and data provided by Developer.
* Source: Rent estimation and data provided by Developer; valuation is calculated by CrowdFunz.
The project is located in the core area of Sunnyside, Queens. The site is surrounded by well-developed public transportation and is close to subway line 7 and several bus lines. Driving to LGA and JFK Airport from the site takes 10 minutes and 25 minutes.
Sunnyside has established education system that include elementary schools, middle school, and high school, to meet education needs. Adult schools are also available for professionals who are looking to expand their careers.
Sunnyside has ample businesses and living facilities to support all needs. More residents around 30 years old have moved into the area for its safety and convenience.
Local entertainment venues include parks, gyms, and museums that are all within walking distance.
Developer Company: AMPIERA GROUP.
Developer Website: https://www.ampiera.com
Prior Cooperation: CrowdFunz Fund 821 / CrowdFunz Fund 833
Ampiera is headquartered in Queens, New York. Since founding, Ampiera has focused on Condominium developments in New York and gradually get involved into the development and management of office and other commercial properties in the recent decade.
Ampiera has its expertise in identifying undervalued areas and is known for its strategic acquisition, development, and management of undervalued properties. The company’s Key developments include the building leased to Bank of China in Flushing, Queens, and large scale commercial developments in Bay Ridge and Long Island City, New York.