NYREF Disrupts Traditional Real Estate Market with Tokenized Property Offering

According to most estimates, the global real estate market is worth over $300 trillion. A Savills report reveals that the US residential real estate market, the second largest in the world, just behind China, is worth over $30 trillion. This figure has only been growing, and for many investors, it has been a source of massive windfalls, both in terms of passive income from rent and sales profits.

Unfortunately, many people have never been able to gain exposure to this highly lucrative market. The average property is simply outside of most people’s budgets, especially as an investment instrument. The market isn’t liquid, and there are considerable bureaucratic barriers to making purchases.

Fortunately, blockchain technology has the potential to change the face of the real estate market. One of the main drivers of the real-world asset narrative is property and tokenization. Many projects have promised to turn the market into a liquid and accessible investment option by trading properties on public blockchains, but few have delivered so far.

The New York Real Estate Fund (NYREF) is making these promises a reality with the tokenization of an $18 million property in New York City. The property has been tokenized on the Avalanche blockchain, where investors can purchase tokens for $1,000 and receive rental income and potential sale profits directly to their wallets.

Traditional Real Estate: A Multi-Trillion Dollar Dinosaur

The real estate market is undoubtedly one of the largest markets in almost all countries. It often makes up over 20% of a country’s entire GDP and has been the source of wealth-building for families worldwide.

However, as real estate prices have surged, especially in the most important global cities such as New York City, Shanghai, and London, the market has become increasingly inaccessible for most investors.

This market is also notoriously illiquid. Illiquidity means that it can be difficult to buy or sell assets quickly without significantly impacting their price. In real estate, this translates to long transaction times, high fees, and a limited pool of potential buyers and sellers.

The traditional real estate market needs to be updated to meet the needs of modern investors, who may not be looking to buy an entire property outright. These investors may seek more flexible investment options, faster transaction times, and greater transparency.

Blockchain technology offers a potential solution to these challenges. By leveraging blockchain’s inherent transparency, security, and efficiency, a more accessible and liquid real estate market can be created.

The real estate market has been consistently growing in value, and this is expected to continue in the coming years.

NYREF: Tokenized Real Estate For All

NYREF’s vision is that real estate should be accessible to everyone. As one of the most historically safe and profitable investment options, it seems unfair that many people cannot access the most valued markets simply because of the ever-increasing entry barriers.

The team, which is experienced in real estate management and blockchain solutions, set out to bring down the wall between the average investor and the leading real estate markets in the world.

This led them to purchase an $18 million property in the heart of New York City and use blockchain technology to make it available to investors in the form of 14,400 tokens on the Avalanche network.

Tokenization involves dividing ownership of an asset into digital tokens on a blockchain. Each token represents a fraction of the asset, making it possible to buy and sell smaller, more affordable units. This increases accessibility, as it allows a wider range of investors to participate with smaller amounts of capital. It also improves liquidity, as tokens can be easily traded on secondary markets.

The property, 3187 Grand Concourse, LLC, is a modern multi-family building located in the Bedford Park neighborhood of New York City. Rental income is generated through a lease agreement with the US Government, providing a secure and reliable income stream for token holders, which they receive automatically in their wallets.

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 Ethereum.