Breaking Chains: From Tenant to Owner in Brooklyn

Bilal Ahmed
is organizing this fundraiser.
25 Parade Pl APT 3L, Brooklyn, NY 11226
Created
January 12, 2023 1:33 AM
Independence
$340,000
raised of goal
$425,000
68
Investors
Join the Waitlist
Monthly Residency Payment:
4925
Initial Investment:
Price Per Share:
Total Shares:
10000
Bilal Ahmed



Salaam!


I am Bilal Ahmed, a first-generation Pakistani immigrant, working tirelessly in bustling Brooklyn. Dreams of owning a place, where my family can flourish without the looming uncertainty of rent, keep me up at night.


The Beginnings:

In Lahore's crowded streets, owning a home was a distant dream. NYC promised opportunities, yet the weight of monthly rent checks feels stifling.


The Vision:

A modest home, echoing with memories, free from the whims of landlords, where my children can carve their destinies.


The Quest Begins:

Discovering Dyur’s platform, I saw a ray of hope - a chance to transition from a tenant to a homeowner.


Your Role:

By contributing, you’re not just funding bricks but laying the foundation of lasting security for a family.


Why It Matters:

Imagine a world where every hardworking individual can have a roof without the looming sword of eviction.


Join My Quest:

Together, let’s change narratives, building homes that resonate with freedom and stability.


Conclusion:

Your belief and support empower dreams. Together, we can challenge norms and create pathways of true independence.


With gratitude,

Bilal Ahmed

Features:

Live close to Prospect Park and across the street from the Parade Grounds in a spacious prewar studio apartment.

Newly Listed Prewar Studio with Parade Ground Views / radiant light, large windowed Eat-in-Kitchen with dining area, High Ceilings throughout, refinished hardwood floors, oversized Living room perfect for entertainment and quiet relaxation, a gracious entry foyer with three closets and a separate dressing area.

Total Investment Value
Home Cash Price
834300
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
4925
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:
Bilal Ahmed
Prospect Park South, NY
User icon
David Williams
$450
1/24/2023 6:30 AM
Prime real estate in a desirable neighborhood, a smart investment choice.
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