Moroccan Culinary Dreams: Seeking a Permanent Nook in NYC

Lina Benali
is organizing this fundraiser.
45 Argyle Rd #2C, Brooklyn, NY 11218
Created
January 11, 2023 12:58 PM
Independence
$598,500
raised of goal
$665,000
119
Investors
Join the Waitlist
Monthly Residency Payment:
4389
Initial Investment:
Price Per Share:
Total Shares:
10000
Lina Benali

Salaam!

I am Lina Benali, a chef from Marrakesh's bustling squares, simmering flavors of Morocco in NYC. While my tagines tantalize taste buds, the uncertainty of a rental kitchen often curbs my culinary flights.


The Beginnings:

Amidst Moroccan bazaars, I honed flavors that whispered tales of deserts and oases. In NYC, I envision a permanent kitchen where these tales come alive.


The Vision:

A restaurant, unchained from the whims of landlords, where every dish serves a spoonful of freedom.


The Quest Begins:

Dyur unveiled a horizon, where my recipes could simmer in an owned cauldron.


Your Role:

Your support ensures traditions aren’t just cooked but savored in a space echoing with permanence.


Why It Matters:

By aiding, you're ensuring a culture doesn't fade within the constraints of rented walls.


Join My Quest:

Together, let’s concoct flavors in kitchens that sing songs of true ownership.


Conclusion:

Your generosity seasons dreams, ensuring they’re cooked to perfection in freedom’s kitchen.


Delightfully,

Lina Benali

Features:

Residence 2C is a 700 SF two-bedroom (2BR) and one-bathroom (1BA), offering incredible value for the space and the quality. Units feature refreshing aesthetics and comfortable, good flow layouts that maximize incoming natural light. Modern and pre-war elements, such as exposed brick and industrial finishes, complement each other to establish a contemporary and neutral design. Kitchens include custom designed cabinetry with soft closing hinges and tracks, premium natural stone countertop, and a Bosch appliance package. Bathrooms feature white subway wall tiles, custom vanities, harmonizing traditional and modern elements. Additional unit amenities: hardwood flooring, high performance central air heating and cooling system, audio/video Aiphone intercom and in unit washer/dryer. This is a non-elevator building which features a common outdoor courtyard. Closings expected to commence in Q4 2022; CO is in place.

Total Investment Value
Home Cash Price
665000
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
4389
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:
Lina Benali
Prospect Park South, NY
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