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New York City Real Estate Coin NYCREC

PREMIUM
New York City Real Estate Coin has a TrustScore of B

Own a piece of New York City Real Estate

NYCREC uses blockchain technology to tokenize New York City real estate. This opens up unprecedented opportunities for worldwide accessibility and liquidity in one of the most competitive and desirable real estate markets. NYCREC token holders can enjoy some of the benefits that come with owning real estate, including receiving revenue from the building’s cashflow via Ethereum airdrops. The team behind NYCREC has managed over $15 billion in real estate and on Wall Street.
  • Project TypeToken
  • Platform Ethereum
  • SymbolNYCREC
  • Circulating SupplyNone specified
  • Total SupplyNone specified
  • Max Supply1,750,000,000
  • Primary SectorReal Estate
  • JurisdictionCayman Islands
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Team

Young Kwon photo

Young Kwon

Chairman of the Board

For over 21 years, Mr. Kwon has managed $15 billion in real estate in multiple countries across hundreds of transactions. Mr. Kwon has lead multiple firms in their real estate investment efforts in equity, debt, and structured products. He specializes in opportunistic and special situation investments, primarily real estate equity and debt.

Verified
Charles Wyman photo

Charles Wyman

Co-Founder

Mr. Wyman has over 30 years of experience in research and investment management. Prior to joining NYCREC, Mr. Wyman was a Partner, Portfolio Manager, and Chief Risk Officer at Seaport Investment Management, a multi-asset fund investing in fixed income securities, equities, derivatives, and commodities. He has also served as an advisor to ICOs such as BankEx.

Verified
Alain Oberrotman photo

Alain Oberrotman

Co-Founder

Mr. Oberrotman has over 25 years of experience in senior management positions in corporate, consulting, venture capital, and private equity firms. He has served on the Board of Directors for 15 firms ranging in size from start-up to over $1 billion in sales, both public and private companies including appointment in a proxy fight.

Verified
Barry Cohen photo

Barry Cohen

Co-Founder

Mr. Cohen has over 28 years of experience in financial services, research, and investment management. He has served as an advisor on cryptocurrencies and blockchain technology for several private funds.

Verified
Steve Wasserman photo

Steve Wasserman

Principal

Mr. Wasserman has over 25 years of experience in financial advisory and investment management in addition to over 20 years of experience as the executive officer of companies he founded or acquired. He has also served as advisor to ICOs such as BankEx, XTRD, and PetroChain.

Verified
Neil Benedict photo

Neil Benedict

Chief Blockchain Officer

Mr. Benedict has over 5 years of experience in quantitative finance, risk management, and the blockchain. He has developed smart-contract architectures for private placement exchanges, micro-financing, real estate, as well as complex and illiquid asset classes, natural resources, and futures markets. Mr. Benedict has worked in corporate banking assignments for structured financings up to $2.4 billion across a variety of industries including real estate.

Verified
Paul Brownstein photo

Paul Brownstein

Chief Operating Officer

Mr. Brownstein has more than 25 years of experience in financial services in equity derivatives sales and trading. He also holds several investments in blockchain startups.

Distribution

Private/Pre-sale/Public Sale1,050,000,000 NYCREC60.00%
Reserve525,000,000 NYCREC30.00%
Treasury87,500,000 NYCREC5.00%

Milestones

None specified

Questions and Answers

Why is your company going to succeed?
New York Real Estate Coin is led by a superstar, veteran real estate financier who has managed or invested over $15 billion in real estate over his 21-year career. The rest of the core team has worked as fund and asset managers at bulge bracket Wall Street firms for decades, and several have served as advisors to successful ICOs, such as XTRD and Bankex. Two NYC-based VC funds have already invested in NYCREC because of the quality of the team and its accomplishments.
Where did your team members meet originally?
The NYCREC core team all met in New York City decades ago while working as investment professionals on Wall Street at some of the top financial services firms and investment banks worldwide.
What are the top five risks you see for your business?
The major risks associated with NYCREC are all externalities, or variances that the team itself would have no control over. For example, if the New York City real estate market had a serious downturn, then it would obviously affect the value of NYCREC tokens. However, such worst-case scenarios are unlikely to happen given NYC real estate's historic appreciation and liquidity.
To invest in a token offering, visit the project's website (link in the overview tab)

Live token offerings

No live token offerings

Upcoming token offerings

No upcoming token offerings

Past token offerings

Name Started Ended
New York City Real Estate Coin Pre-Sale01 Dec 201831 Jan 2019
New York City Real Estate Coin has a TrustScore of B
  • Team Members Verified Badge 8 of 27 Team Members Verified
  • Company Verified Company Verified
  • KYC Interview Conducted KYC Interview Conducted
93%
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