300 Sixth Avenue

Min. Investment$35,000
Target IRR21.9%-23.9%
Get Offer
Offered By

This unique online platform enables investors to handle the entire commercial real estate investing process right from their RealtyMogul dashboard. With rigorously vetted property listings, expertly managed REITs, and a commitment to providing top-notch service and support to its members, RealtyMogul makes commercial real estate accessible to everyday investors.

Investor Types
Real Estate Crowdfunding, Non-Traded REIT
Min. Investment
$5,000
Property Types Available
Commercial, Multifamily
Visit Platform

Do you think 300 Sixth Avenue is a good investment?

YES
NO
Opportunity to utilize historic tax credits and other incentives to redevelop a timeless, iconic, and irreplaceable property, acquired out of bankruptcy, at a substantial discount to ground-up new construction. Sponsor acquired the Property in September 2021, and has since executed a Guaranteed Maximum Price construction contract with a highly experienced and locally-based general contractor and closed on an attractive construction loan facility. Having mitigated many development risks, Sponsor is already well underway in its redevelopment of the project and expects to complete construction in late 2024.

Terms

Min. Investment$35,000
Target IRR21.9%-23.9%
Target Return22 - 24%
Property TypeMultifamily
Target Hold Period7 years
Target Cash Yield7.7%
Target Raise$5,000,000
Close DateTBD
SUBSCRIBE TO BENZINGA ALT RATINGS
Benzinga is launching an alternative asset rating product. Enter your email above to receive emails on new ratings.
Q

What is the target raise?

A
Target raise is $5,000,000
Q

What is the target cash yield?

A
Target cash yield is 7.7%
Q

What is the minimum investment amount?

A
Min. investment is $35,000

Similar Offerings

Min. Investment$1,000
Targeted Yield5.70%
Get Offer
Min. Investment$200
Targeted Yield6.80%
Get Offer
Min. Investment$100
Targeted Yield7- 9%
Get Offer
Min. Investment$100,000
Track Record9.81% Yield
Get Offer
Min. Investment$1,000
Offering Amount$1,069,180
Get Offer
Min. Investment$1,000
Offering Amount$319,400
Get Offer
Min. Investment$500
Target Return18%
Get Offer