Invest in a Brighter Future: Elevate Education Through Home Ownership

Hasan Hamad
is organizing this fundraiser.
782 Madison St #4B, Brooklyn, NY 11221
Created
January 10, 2023 4:21 PM
Great Schools
$562,500
raised of goal
$625,000
112
Investors
Join the Waitlist
Monthly Residency Payment:
4274
Initial Investment:
Price Per Share:
Total Shares:
10000
Hasan Hamad

Salaam!

I'm Hassan, and like many parents, my first concern is always for my children. I long to give them opportunities that will set them on the path to success. Opportunities that extend beyond material wealth and enter the realm of enriching experiences—particularly a quality education in a top-rated school district.


The Beginnings:

As a first-generation American, the value of a good education was instilled in me from a young age. My parents sacrificed so much to move to America for its opportunities. While we had a loving home, we often found ourselves in school districts that didn't offer the best educational resources.


The Vision:

I dream of my children receiving the best education available in an environment that nurtures their intellectual growth and respects and understands our faith. I want to give them more than just a home; I want a community.


The Quest Begins:

This dream led me to Dyur, a platform that could help me secure a home in a desirable school district while adhering to my Islamic values. It was a direct route to provide my children with a superior education without compromising our principles.


Your Role:

By supporting my journey, you're doing more than just helping us move into a new home. You're investing in my children's future and, by extension, the end of our community. Your contribution conveys that quality education should be accessible to everyone, regardless of their background.


Why It Matters:

Think about it—what we do today has a ripple effect on tomorrow. By ensuring my children have access to quality education, we're investing in future leaders, innovators, and community builders who will uphold our shared values.


Join My Quest:

I invite you to join me on this journey. Your involvement could be the key that unlocks untold potential—not just for my children but for all children who deserve a quality education in a faith-conscious environment.


Conclusion:

Thank you for considering this endeavor with me. Let's make an everlasting impact on our children's future and, in doing so, strengthen the core of our community for generations to come.


Jazakallah Khair,

Hassan

Features:

Welcome to 782 Madison Street, Unit 4B -- a rare combination of affordability, space and charm. This true 2-bedroom, floor-through apartment was renovated from top to bottom in 2011 and stylishly updated just this year. This top-floor condo features a remodeled kitchen with soft grey cabinetry offset by clean, white quartz countertops, classic subway tile backsplash, and white appliances including a dishwasher and gas range with a hood that is vented to the outside.

The overall effect is both modern and inviting. The open kitchen is adjacent to dedicated dining area large enough to seat 6 people, which opens onto the very comfortable living room. In the front of the unit is a good-sized bedroom with lovely arched windows overlooking P.O. Renaldo Segrado Playground -- offering wide, sky-filled views with no buildings across the street, and glimpses of Manhattan in the distance. The rear bedroom is a sunny, south-facing room which overlooks possibly the largest backyard in Bedford Stuyvesant!

The giant, shared garden is underutilized leaving you with almost your own massive outdoor space -- for pets, kids, or the kid in you. A classically-tiled full bath completes the apartment. There are a total of 3 closets, 2 are double-width, PLUS there is a deeded storage space in the cellar, where you'll also find the laundry room and entrance to the shared garden. Hot-water baseboard heat throughout. J-51 tax abatement is in effect through mid 2030. Maintenance is $734pm which includes a temporary assessment in effect for only 2.5 more years ($521 before assessment).

Total Investment Value
Home Cash Price
599000
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
4274
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:
Hasan Hamad
Bedford–Stuyvesant, NY
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