PICK YOUR PROPERTY GET EARLY ACCESS

MAIN FEATURES

  • Invest $50k to $500k
  • Annual Cash Return: 7% est.
  • Sell anytime or hold for a 5-year return projected at 11.8%

WELCOME TO

UNO EDGE

100 Waterfront Apartments

Edgewater Harbor is a new destination mixed-use property with direct views of midtown Manhattan. There are 600 units of residential housing, a Marriott hotel, the Town Hall and 100,000 square feet of anchored retail. UNO Edge is a stabilized building with 100 apartments at Edgewater Harbor.

The business plan is to update the amenity spaces post-COVID, increase rents on rollover and refinance the asset with an equity payout in year 5.

LOCATED directly on the Hudson River, the UNO Edge’s loft-style residences, its waterfront location and a variety of amenities combine to create a cutting-edge lifestyle. All UNOs are at transit-oriented locations with state-of-the-art amenities and sensible monthly rents.

FINANCIAL SNAPSHOT

  • Crowd Funding: $10m
  • Sponsor Investment: $10m
  • NOI: $3.2m
  • Interest Payments: $1.8m
  • Net Cash Flow: $1.4m
  • Current Value: $63m
  • Cash Yield: 6.9%
  • Projected Value (Yr 5): $75m
  • Projected ROE (5-Yr Hold): 11.8%
  • Current Loan Balance: $43m
  • Interest Rate: 4.17%

THE DETAILS

  • Type: Rental Apartments
  • Age: 2 Years
  • Units: 100
  • Occupancy: 97% Leased

INVEST IN THIS PROPERTY