Finding Roots Amidst Waves of Change

Laila Rahim
is organizing this fundraiser.
301 Covert St #2C, Brooklyn, NY 11237
Created
December 21, 2022 4:40 PM
Closer to Family
$169,500
raised of goal
$565,000
24
Investors
Join the Waitlist
Monthly Residency Payment:
3674
Initial Investment:
Price Per Share:
Total Shares:
10000
Laila Rahim

Salam!

I am Laila Rahim, a resident of the bustling city of New York. I've lived in multiple neighborhoods, but none have 

genuinely felt like home. As time flows and faces change, my longing grows to be surrounded by familiar voices and cherished traditions.


The Beginnings:

In every place I've stayed, the sounds of the Adhan and the fragrance of home-cooked meals have kept my memories alive. Yet, the echoing laughter of friends and family feels like a distant dream, making my heart yearn for a deeper connection.


The Vision:

My dream is to live in a place where I am not just a resident, but an integral part of a community. A place where friendships are nurtured, and memories are shared over cups of chai and late-night conversations.


The Quest Begins:

Dyur's platform, with its unique approach to home equity crowdfunding, offers a glimmer of hope. Their commitment to Islamic values aligns with my dreams, paving the way for a reunion with friends and family.


Your Role:

Your contribution transcends monetary value; it's a beacon of hope and unity. Together, we can turn dreams of reconnection into reality, weaving an intricate network of support and camaraderie.


Why It Matters:

Life's journey is enriched by the company we keep. Ensuring everyone finds their rightful place among friends and family makes our community stronger, warmer, and more resilient.


Join My Quest:

Embark on this journey with me, share in my dreams and aspirations. As we strive together, every contribution strengthens the bonds that make our community vibrant.


Conclusion:

From the depths of my heart, I thank you. As we journey together, let's rekindle the spirit of community and ensure no one feels lost amidst the waves of change.


Blessings and gratitude,

Laila Rahim

Features:

301 Covert St, 2C is nestled right in the heart of Bushwick! An ever-growing community with transportation, restaurants, schools, shopping, and recreation all within close proximity. This one-bedroom condo was a new construction built in 2019 and comes with many standard amenities and features. Upon entering, your attention will immediately be drawn to the finishes throughout the condo. Brand new hardwood floors, sleek quartz countertop with Bloomberg kitchen stainless steel appliances, large windows, bright & spacious bathroom with a standing shower, and washer/dryer equipped. A washer/dryer common area is also located in the building. A significant benefit of owning this amazing home is that an assigned parking spot is incorporated into the sale. The parking spot also comes with its own deed. This package is such an amazing deal, not only for a homeowner/resident, but a potential investor that chooses to rent the condo, rent the parking spot, or even both!

Total Investment Value
Home Cash Price
549000
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
3674
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:
Laila Rahim
Bushwick, NY
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