Ndeye's Struggle: Merging Dakar Dreams with NYC Reality

Ndeye Sow
is organizing this fundraiser.
101 Linden St APT 2A, Brooklyn, NY 11221
Created
December 21, 2022 4:36 PM
Financial position
$258,000
raised of goal
$430,000
12
Investors
Join the Waitlist
Monthly Residency Payment:
3047
Initial Investment:
Price Per Share:
Total Shares:
10000
Ndeye Sow

As-salamu alaykum!


 I am Ndeye Sow. my heart beats with the rhythms of Dakar, and I'm weaving a song of halal homeownership amidst the towering tales of New York City. Stand by me as I pen a melody intertwining Islamic values with dreams of a home in a foreign land.


Dakar to The Big Apple:

Growing up amidst Dakar's sunny coasts and bustling markets, life took a twist when I ventured into NYC's fashion scene. This brought opportunities and new financial hurdles, reshaping my journey toward homeownership.


A Home That Sings:

I envision a home where the walls hum with Senegalese folk songs and reverberate with the teachings of Islam. A space free of riba, reflecting my West African heritage and unwavering faith.


Harmonizing Faith and Finances:

To bring this to life, I turned to Sharia-compliant home equity crowdfunding. It offers a path in tune with my beliefs, harmonizing my desire for a home with the teachings of my faith.


Join The Chorus:

By supporting me, you become part of a collective chorus, echoing the hopes of many who seek a harmonious blend of their cultural essence and Islamic beliefs, especially in a place as vibrant as NYC.


Why This Song Matters:

Envision a city where believers can establish homes that are reflections of their diverse backgrounds and strong faith. Your support can make this dream a reality for many.


Be Part of My Symphony:

From Dakar's golden beaches to NYC's bustling avenues, stand with me in this quest. Your support isn't merely financial; it's a note in this symphony of dreams, faith, and heritage.


Conclusion:

A resounding 'Jërëjëf' (thank you in Wolof) for considering joining this musical journey. Let's craft tales where the essence of Senegal thrives amidst NYC's skyline.


Ba beneen yoon (Until next time),

Ndeye Sow.

Features:

Two-bedroom apartment located in the heart of Bushwick.

Located on the second floor of a 23 unit, HDFC co-op building. This unit has been gut renovated with quality materials 7 years ago. Hardwood floor throughout the apartment, stainless steel appliances including a "Bertazzoni" stove, "Restoration Hardware" and "Kohler" fixtures.

The apartment has plenty of closet space and the building has extra storage in the basement.

The maintenance is low; $589 a month, which includes heat, taxes, water, and hot water.

Total Investment Value
Home Cash Price
430000
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
3047
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:
Ndeye Sow
Bushwick, NY
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