Holding onto Tradition: Mariam's Quest amidst NYC's Hustle

Mariam Coulibaly
is organizing this fundraiser.
277 Washington Ave APT 3J, Brooklyn, NY 11205
Created
December 28, 2022 2:02 PM
Financial position
$187,500
raised of goal
$887,500
37
Investors
Join the Waitlist
Monthly Residency Payment:
4189
Initial Investment:
Price Per Share:
Total Shares:
10000
Mariam Coulibaly

Greetings! I'm Mariam Coulibaly, a spirited soul hailing from the vibrant coasts of Senegal. As the waves of the Atlantic crash against my homeland, I find myself amidst the towering skyscrapers and restless streets of New York City, striving to balance my deep-rooted traditions as I transition into a dedicated homemaker.


The Shift:

Back home in Dakar, large families meant laughter, stories, and a shared sense of responsibility. Here in NYC, with my husband immersed in work and my children adapting to a new culture, the solitude of the city amidst its crowds became more evident. This realization stirred in me a deep desire to provide my family a familiar and nurturing environment.


Our Aspiration:

A home isn't just four walls; it's the aroma of Senegalese Yassa chicken, the gentle hum of Quranic verses, and the vibrant stories of our ancestors. As I became a full-time homemaker, the challenge of securing a home that reflects our traditions and values, especially in the costly heart of NYC and without the burden of riba, seemed immense.


Stepping Forward:

But the strength of the Baobab tree, a symbol of endurance in Senegal, inspires me. Determined, I've been navigating through halal financing options and seeking spaces that could echo our West African heritage.


Your Role:

My story is a testament to the many immigrant women striving to be anchors for their families in an unfamiliar land. By supporting our cause, you are enabling us to hold onto our roots and give our children a taste of home, even miles away from it.


The Difference:

With every contribution and prayer, you're helping us weave a fabric that intertwines NYC's pace with the warmth of Senegal. You're ensuring that our essence remains unshaken while our surroundings might change.


Join Our Endeavor:

I invite you to join this vibrant tapestry to understand our struggles, hopes, and unwavering resolve. Together, let's create a sanctuary that resonates with the heartbeat of both Dakar and NYC.


Conclusion:

A heartfelt Jazakallah Khair for considering our journey worth joining. Each step taken with you brings us closer to a home where love, faith, and tradition meld seamlessly.


Warmly,

Mariam Coulibaly.

Features:

Enter into this enchanting apartment from the foyer, leading into the open living room.  There are built-ins and storage for your convenience and, with views of Pratt Campus, there is abundant light throughout the day!  The kitchen has ample white-wood cabinetry and includes a Gaggenau stove-top, Fisher/Paykel drawer dishwasher and a microwave/convection oven.  Also with views of the campus, the huge bedroom can easily accommodate a king-sized bed with plenty of room left over for a home office! There are lovely wood floors and high ceilings throughout, a windowed bathroom, and Pre-war charm with original details.  A private storage unit is included in the sale.

Francine Towers is a well maintained elevator building that provides a laundry room, a bicycle room, a live-in super and live-in porters. Recent upgrades include the building façade and the installation of a new roof.

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
4189
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:
Mariam Coulibaly
Clinton Hill, NY
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