Project Description
Acquisition and demolition of a building to construct and resell a 15-story building with 13 residential floors and 2 commercial levels.
940 1st Ave Midtown East, Manhattan, New York, NY, USA
Year launched
2015
Expected duration
36 Months
About the neighborhood
Turtle Bay is located on the east end of Midtown Manhattan, a neighborhood known for its tall, modern buildings including the UN headquarters, the Chrysler Building and the famous Tudor City apartment building. The neighborhood is home to diplomats and wealthy residents.
About the sponsor

Yechezkel Strolovich has extensive experience and a deep familiarity with the New York real estate market, specializing in Manhattan and Brooklyn. He has successfully completed dozens of various projects of apartments, personalized homes, offices and commercial properties.
The opportunity

Acquisition and demolition of a building to construct and resell a 15-story building with 13 residential floors and 2 commercial levels.
Other projects by the sponsor
First Avenue, Manhattan, New York
Equity raised $3,470,516
Target annual return 21.99
Lenox Road, Brooklyn, New York
Equity raised $4,160,000
Target annual return 23.45%
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