Invest in New York with successful international developer – a high yield opportunity to invest at early stage construction. The developer is an established player with European background and a track record of success with 10 new developments in Manhattan, many more in France, Spain, other European countries and South America. The company even owns a business center in Moscow.
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At the moment, the company offers qualified investors with minimum participation of $1M to invest in construction of new residential tower on Madison avenue. The developer offers to “buy” certain number of meters, which can be sold or converted in proper real estate title. Investors at early stage will be able to acquire meters at approximately $8,600, includes the cost of land, permissions and architectural planning, construction and a modest 10% margin of the developer. The current market price for the comparable buildingz ranges between $13,500 and $15,000, so even in current market terms without any appreciation, the opportunity look attractive. The building completion is scheduled for 2014 and usually happens on time.