Zahid's Ascent: From Pakistan's Peaks to the NYC Hustle

Zahid Malik
is organizing this fundraiser.
215 Cornelia St #4, Brooklyn, NY 11221
Created
January 12, 2023 3:05 AM
Financial position
$179,700
raised of goal
$599,000
35
Investors
Join the Waitlist
Monthly Residency Payment:
3603
Initial Investment:
Price Per Share:
Total Shares:
10000
Zahid Malik

Salaam! I'm Zahid Malik, carrying echoes from Pakistan's majestic mountains, now searching for a halal cornerstone in NYC's financial maze. Join my voyage as I reconcile my robust Pashtun heritage with the contemporary American dream.


From Peaks to Pavements:

My transition from Pakistan's terrains to NYC's avenues meant adjusting to a new income stream. As a teacher back home, the shift to a tech consultant in NYC saw my financial stability tremble, unsettling my homeownership plans.


A Home Beyond Walls:

Beyond four walls, I see a home resonating with the azan from Pakistan and upholding Islamic values amidst NYC's skyscrapers. A refuge free from riba, encapsulating both my traditions and my faith.


Navigating Halal Routes:

To ground this vision, I turned to Sharia-compliant home equity crowdfunding. Not merely a financial recourse but a compass steering my desires towards spiritual alignment.


Your Involvement:

Your backing symbolizes a joint ambition, a world where our Islamic convictions triumph over financial conundrums, even in a city as diverse as NYC.


The Bigger Picture:

By championing my endeavor, we're sending a message that our roots, no matter how distant, can intertwine in harmony with our faith to flourish in foreign lands.


Walk With Me:

From the resonances of Pakistan's valleys to the challenges of NYC, join my narrative of dreams, determination, and devotion. Your contribution is not just financial; it's the wind beneath the wings of many with dreams like mine.


Conclusion:

A heartfelt shukriya for considering being part of my tale. As we march forward, let's craft homes that resonate with our roots and faith.


Jazakallah khair,

Zahid Malik.

Features:

The residences feature oversized windows, high ceilings, Central A/C & heating units, wide plank oak hardwood flooring, ample closet space, stainless steel appliances, tiled bathrooms, deep soaking tubs, rain shower-heads, heated floors in the Bathrooms and washer/dryer hookups. This elevator building features a Lounge, gym, roof deck, communal courtyard, and storage units.

Residence 4A Features 1 Bedroom and 1 Bathroom and is approx. 603 SF. The sun flooded space, is amplified by the smart home features of integrated speaker system and Sleek design.

Total Investment Value
Home Cash Price
550000
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
3603
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:
Zahid Malik
Bushwick, NY
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