$800,000. That’s a rough estimate of how much the average property costs in New York. NYREF believes that this has left the average investor completely isolated from one of the most historically profitable real estate markets in the world, so their team has set out to change the status quo. But how?
Real change in real estate can only come through tokenization. This new ownership model leverages blockchain technology to break previously illiquid assets down into tokens that provide proof of ownership of a fraction of the asset.
This makes assets more accessible, allowing investors to participate with smaller amounts of capital. Tokenization has already grown into a multi-billion dollar market but is expected to reach trillions within the next decade. NYREF has tokenized a property in New York City into 18,000 tokens, which are sold for $1,000 each.
Tokenized Ownership and RWAs: A Trillion Dollar Idea?
Real-world assets (RWAs) have been one of the strongest narratives in crypto among traders and investors who believe in real-world utility. They represent a bridge between the digital and physical worlds, bringing tangible assets onto the blockchain. Examples of RWAs include real estate, commodities, and intellectual property.
Ownership through tokenization is a key aspect of RWAs, as it allows investors to purchase smaller portions of high-value assets. This reduces barriers to entry and improves liquidity, making it easier for a wider range of investors to participate. For example, instead of needing millions of dollars to buy an entire building, investors can purchase tokens representing a fraction of the property.
Trading proof of ownership as tokens on a blockchain offers significant advantages in terms of transparency and security. All transactions and ownership details are immutably recorded on the blockchain, providing a clear and auditable history. This reduces the risk of fraud and ensures that ownership rights are protected.
Tokenization ownership is directly related to real estate, allowing for greater accessibility and liquidity in a traditionally illiquid market.
The RWA industry is expected to take off in the second half of this decade. New York City Real Estate For The Average Investor
The tokenization of real estate has officially made it to New York City. As a result, anyone can become a real estate investor in one of the most valuable and respected property markets in the world. Thanks to NYREF, minimum investment requirements are as low as $1,000, which would have been unimaginable prior to tokenization.
NYREF has become one of the first companies to offer a tokenized property in NYC. Their team has several years of experience in real estate and blockchain technology, positioning them perfectly to gain a first-mover advantage in this market.
The first property available through the NYREF platform is 3187 Grand Concourse, LLC, a modern multi-family building in the Bronx. The property, valued at $18 million, has been divided into 18,000 tokens, available for purchase by investors.
Token holders will benefit from a share of the rental income generated through a lease agreement with the US Government, which ensures a secure and reliable income stream. The property generates a 5.52% annual return, with a minimum 3% yearly increase, and investors will be directly exposed to a market that saw a 13.2% increase in rental prices last year.
Join the Real Estate Revolution
NYREF Website: https://nyref.io/
NYREF Marketplace: https://marketplace.nyref.io/auth/sign-in
Telegram: https://t.me/NyrefPortal
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