Halal Haven for Our New Arrival

Lamia Hasan
is organizing this fundraiser.
416 Ocean Ave APT 26, Brooklyn, NY 11226
Created
January 11, 2023 12:20 AM
Household Change
$437,500
raised of goal
$625,000
87
Investors
Join the Waitlist
Monthly Residency Payment:
4549
Initial Investment:
Price Per Share:
Total Shares:
10000
Lamia Hasan

Salaam! 

I'm Lamia Hasan, a Brooklynite with roots stretching back to sun-soaked lands. As my family grows by one, my dream is a home where faith meets modern living—a halal haven for our new bundle of joy.


Our Brooklyn Adventure:

With its buzzing streets and fusion of cultures, Brooklyn has been the backdrop of our love story. But as we prepare to welcome our baby, we realize that our apartment, filled with memories, isn't the home our growing family needs.


The Dream:

I envision a place where our child's first steps reverberate with echoes of love and faith. A place where lullabies merge seamlessly with adhans, setting the rhythm of our lives. This isn't just about four walls but about building a future that intertwines our values, aspirations, and traditions in the hustle and bustle of Brooklyn.


The Challenge:

Navigating the real estate market while staying true to our beliefs is no simple task. Riba (interest) casts a shadow over many financing options, threatening to distance us from our dreams. I yearned for a solution that resonated with our faith and principles.


Discovering the Ethical Path:

Then, the answer emerged: an opportunity for a riba-free home in the heart of Brooklyn. A chance to establish roots that align with our values, ensuring that our baby's first home is filled with barakah and blessings.


Your Role:

We're not just building a home but a legacy—a safe space where our child will learn Islam's essence alongside modern life's dynamics. Your support means more than just bricks and mortar; it's a gesture that resonates with love, hope, and shared dreams.


Conclusion:

Join our journey in crafting a halal haven for our newest family member. Together, let's create a space that mirrors our ideals, ensuring that our baby steps into the world surrounded by love, faith, and the warmth of a community.

With deepest gratitude, Lamia Hasan.

Features:

Make Your Dream Home With a little vision and TOTAL upgrading this home can be transformed into an amazing haven***(SEE FLOOR PLAN)* This unit is beautifully laid out and has 10 foot ceilings, 2 Bedrooms with enough space to easily create a third and is Located in one of the most Remarkable Prewar buildings in the Prospect Park South area. Residence 85 has, Massively Scaled Bedrooms, Tall Closets and extra storage space.

The building itself is conveniently located just across from the B and Q train, 2 stops from 7th Avenue station in Park Slope and 25 short minutes into Manhattan. Prospect Park is two blocks away along with the tennis courts and soccer fields at Parade Ground. There is a live-in super, part-time doorman, Laundry room and bike storage in the basement. Best of all Pets Gifting are allowed. The Low maintenance, Simple board approval and only 10% down necessary to purchase makes this a home worth seeing.

Total Investment Value
Home Cash Price
625000
Closing costs
Upfront LLC fees:
500
Dyur listing fee (6%)
Annual gross rents
Property taxes
Homeowners insurance
2205
Property management Fee (8%)
Annual LLC administration and filing fees
500
Annual cash flow
Monthly cash flow
4549
Why New York?
Here are the latest trends in the NYC real estate market as well as the statewide market. A prolonged scarcity of properties on the market, along with high prices and high mortgage rates, continues to impede the New York housing market. According to the housing report released by the New York State Association of REALTORS®, the number of properties for sale declined for the 37th straight month in year-over-year comparisons, while mortgage rates remain more than double what they were at this time last year.

The number of available properties for sale fell by 12%, from 40,321 in November 2021 to 36,490 this month. In year-over-year comparisons, the months' supply of dwellings stayed unchanged at 3.2 months. Months' supply is the number of months it would take to sell the present inventory of homes at the current sales rate. A balanced market has a supply of six to six and a half months.
Graph depicting the median sale price trend in New York, NY, from 2018 to 2023. The line graph shows two trends: one for New York with prices fluctuating around $800K, indicated in black, and another for the United States overall, with prices around the $400K mark, shown in orange. Source and more details available on Redfin.
Organizer:
Lamia Hasan
Prospect Park South, NY
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