From Homemaker to Homeowner in the City of Dreams

Fatima Alvi.
is organizing this fundraiser.
231 Macdougal St, Brooklyn, NY 11233
Created
January 11, 2023 11:28 PM
Financial position
$159,800
raised of goal
$799,000
31
Investors
Join the Waitlist
Monthly Residency Payment:
4717
Initial Investment:
Price Per Share:
Total Shares:
10000
Fatima Alvi.

As-Salaam-Alaikum!

 I'm Fatima Alvi, a proud Pakistani-American who has always been torn between two worlds - my professional life and my calling as a mother. New York City's bustling life has been my workplace and my home. But as I transition to becoming a stay-at-home mom, I prioritize ensuring that my home resonates with the warmth and teachings of Islam.


The Crossroads:

For years, my mornings started with the rush of catching the subway, attending meetings, and managing deadlines. But the birth of my second child shifted something within me. The longing to be present for every milestone, to be the guiding force in their formative years, grew more assertive. My heart yearned to transition into a full-time homemaker.

Our Dream:

Our vision is not just of a home but a haven. A place where I can sing lullabies, teach verses from the Quran, and pass on the rich cultural heritage of our ancestors. But with the decision to let go of my steady income and embrace homemaking, the dream of securing such a home in NYC while staying true to our principles against interest seems daunting.


Taking the Plunge:

Despite the odds, we remain steadfast. We're exploring Sharia-compliant ways to anchor our dreams, ensuring our children grow up in a home that echoes love, faith, and cultural tales.


Your Role:

The transition to becoming a homemaker is not just a personal choice; it's a leap of faith that countless women resonate with. By joining hands with us, you're supporting the aspirations of mothers who choose their family over career, all while staying grounded in their faith.


The Impact:

Every contribution, every prayer, every word of encouragement helps reinforce the belief that choosing to be a homemaker is as noble as any profession. It ensures that mothers like me can make this choice without the looming worry of financial constraints or compromising our beliefs.


Walk With Us:

Embrace our journey, feel the challenges, and partake in the joy of creating a home rooted in faith. Your involvement can turn the tide for us and many others, showing that dreams are valid, irrespective of the path chosen.


Conclusion:

From the bottom of my heart, Jazakallah Khair. With your support, we're not just building a home but crafting a sanctuary filled with memories, love, and unwavering faith.


With Gratitude,

Fatima Alvi.

Features:

Located on a beautiful tree lined block in the Ocean Hill section of Brooklyn sits 231 MacDougal Street. A unique opportunity to purchase a two family home that can be used as is or easily converted back into a single family making it perfect for end users or investors. The house also boasts a huge, 40 feet deep backyard. Taxes are only $1113 per year! Just 2 blocks from the Rockaway Avenue "C" train. Come see it today!

Total Investment Value
Home Cash Price
799000
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
4717
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:
Fatima Alvi.
Clinton Hill, NY
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