NYREF has made investing in New York real estate more accessible and secure with tokenization.
New York City real estate has been one of the most valued long-term investments in the world for decades. It’s often seen as one of the most secure ways to earn income from a growing rental market and hedge against inflation with an asset that has historically experienced consistent price increases.
In reality, most investors have never been able to gain access to the NYC real estate market. Sky-high prices, red tape, and a lack of liquidity have prevented the average investor from purchasing property in this market. This has left millions of people locked out of a potentially golden investment opportunity.
For many years, no one expected the illiquid nature of real estate markets to change. There appeared to be no feasible way to transform this industry into a more accessible model. However, thanks to NYREF and its tokenized real estate venture, this is no longer the case.
NYREF has tokenized a property in the heart of NYC, making it available for investment through its marketplace. The property has been divided into tokens valued at $1,000 each, allowing investors to purchase fractions of the property and participate in the NYC real estate market.
This allows investors to join the real estate market and earn rental income even if they are making a relatively small investment.
Why The Real Estate Market Needs Tokenization
It’s no secret that the most valuable real estate markets in the world are simply not accessible to the average investor. In cities like New York, Paris, and Tokyo, even a modest property requires huge amounts of capital. As a result, many people are entirely isolated from this potential source of long-term profits and rental income.
This issue has left a huge chunk of the younger generation with no access to owning property. As property prices continue to rise, it becomes increasingly difficult for young people to save enough for a down payment or secure a mortgage. This can have long-term consequences for wealth accumulation and economic stability.
Property ownership is one of the most reliable sources for building generational and long-term wealth, so the current model is unsustainable. The lack of accessibility in the real estate market exacerbates wealth inequality and limits opportunities for many.
Tokenization, using public blockchains, could solve this. By dividing property ownership into digital tokens, it becomes possible for investors to purchase fractions of a property rather than the whole asset. This lowers the barrier to entry and allows more people to participate in the real estate market.
NYREF’s tokenization venture is a real example of how the real estate market can be made more accessible and liquid. By tokenizing a property in New York City, they are demonstrating the potential of this technology to improve access to real estate investment.
The tokenized asset market is expected to grow well above $10 trillion in the coming years.
The NYREF Marketplace: Accessible Real Estate Investing
NYREF has tokenized an $18 million property in the heart of New York City. This has drastically lowered the entry barrier for investing in a market where the median property is sold for well over $500,000.
The property, located at 3187 Grand Concourse, LLC in the Bronx, is a modern multi-family building featuring 32 residential units. It offers residents spacious living areas, ample natural light, and convenient access to transportation and amenities.
This property has been tokenized using blockchain technology. Ownership has been divided into 18,000 tokens, with 14,400 available for purchase at $1,000 each with a $100 minimum investment. Each token represents a fraction of the property’s ownership and entitles the holder to a share of the rental income.
The property generates rental income through a lease agreement with the US Government, providing a secure and reliable income stream for token holders. To purchase tokens, visit the NYREF marketplace, create an account, complete the KYC process, and select your preferred cryptocurrency for payment. Accepted cryptocurrencies include USTD, USDC, AVAX, and ETH.
Join the Real Estate Revolution
- NYREF Website: https://nyref.io/
- NYREF Marketplace: https://marketplace.nyref.io/auth/sign-in
- Telegram: https://t.me/NyrefPortal
- X: https://x.com/nyrefcompany
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
