Neighborhood Retail Center, Long Island City

This offering funds the acquisition of a grocery-anchored neighborhood retail center with 10 tenants on Center Boulevard in Long Island City, New York. Leases with daily-needs tenants such as a grocer, pharmacy and cafés provide diversified income.

Highlights

• Price per share: $1,000
• Total raise: $2,500,000
• Target distribution range: 7–8% per year, paid quarterly
• Installment payment option available
• Capital returned at exit (subject to performance)

The opportunity

The equity raise of $2,500,000 is divided into 2,500 shares priced at $1,000 each, alongside senior bank financing. The planned hold period is about 3 years, with distributions, if any, projected quarterly from net operating income.

Key risks include interest-rate changes, local market conditions and the illiquidity of the investment.

The neighborhood

Long Island City's waterfront towers face the Midtown skyline across the East River, with Gantry Plaza State Park, ferry service and a one-stop subway ride into Manhattan.

Good to know

• Identity verification (KYC) is required before investing.
• Distributions are projections and are not guaranteed.
• Shares are illiquid and are generally held for the full planned term.

Important information

Projected distributions are estimates based on the sponsor's business plan, are not guaranteed and may be lower or delayed. Capital is at risk and investments may be illiquid for the full hold period. Please read the offering documents and the EstateFull investment risk disclosure before investing.