DeKalb, Brooklyn, New York

Equity raised

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DeKalb, Brooklyn, New York 2017-07-25T19:50:57+00:00

Project Description

Acquisition and construction of three buildings, each containing 20 residential units over an area of 22,500 SF. They will be constructed according to FHA rules, which allows for 95% mortgage loans for apartment purchases.

627, 629, 631 De Kalb Ave, Brooklyn, New York, NY, USA

Year launched

2013

Equity raised

$2,820,000

Expected duration

30 Months

22.15%

About the neighborhood

Bedford Stuyvesant is a neighborhood in New York City undergoing a lively cultural revival due to an increased migration of youth and students. The neighborhood is known for its green areas and combination of historic and modern buildings.

About the developer

MZMRS Corp is one of the leading real estate firms in the NYC area. It focuses on acquiring, renovating and selling properties. The company collaborates with a team of expert contractors and manages hundreds of varied real estate projects at any given time.

The opportunity

Acquisition and construction of three buildings, each containing 20 residential units over an area of 22,500 SF. They will be constructed according to FHA rules, which allows for 95% mortgage loans for apartment purchases.

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