New York City Real Estate Coin Logo

New York City Real Estate Coin (NYCREC)

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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.

  • Category Real Estate
  • Project Type Token
  • White PaperOpenOpen White Paper
  • PlatformEthereum Ethereum
  • Bitcoin Talk Not Supplied
  • Jurisdiction Cayman Islands
Start Date
December 1st 2018 12:00 UTC
End Date
January 31st 2019 12:00 UTC
- -Days
- -Hours
- -Mins
- -Secs
Restricted Countries
United States
Tokens for sale


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.
Charles Wyman photo
Charles Wyman
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.
Alain Oberrotman photo
Alain Oberrotman
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.
Barry Cohen photo
Barry Cohen
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.
Steve Wasserman photo
Steve Wasserman
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.
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.
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.

New York City Real Estate Coin Token Distribution

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


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.