88 Madison Ave
A four-unit building at 88 Madison Avenue in downtown Albany, located in the Pastures Historic District and listed on the National Register of Historic Places. The early 19th-century Federal-style property has all four units operated as short-term rentals, with new furniture and appliances recently installed. It sits near Albany Medical Center, MVP Arena, and Empire State Plaza.
Bedrooms
6
Bathrooms
4
Size
3032 sq ft
Year Built
1815
Projected value
The offering costs $555,510.00 in total. The property itself is $350,000.00, so 58.7% of the total sits on top of the purchase price in reserves, costs and fees. Investors put in $375,750.00 and a $179,760.00 loan covers the rest.
- Purchase price63.0%$350,000.00
- Closing and offering costs4.0%$22,200.00
- Other33.0%$183,310.00
Figures as published by the platform at listing. Reserves are held for the property and stay inside the deal, closing costs and the platform fee do not.
Total Tokens
7,455
Token Price
$32.68
Tokens Available
167
Minimum Investment
$32.68
Token Holders
409
Platform Fee
N/A
Management Fee
N/A
Leverage
51% debt
Blockchain Network
Algorand
Token Symbol
LFTY0314
Property Type
Other
Bedrooms
6
Bathrooms
4
Size
3032 sq ft
Year Built
1815
Condition
N/A
