21st Street Properties

21st Street Properties

21st Street Properties, with a valuation of $1,000, is raising funds on NetCapital. The company plans to develop a luxury condominium project at 21st Street and Pacific Ave in Virginia Beach, Virginia. The condominium project will include 135 condominium units, 10,420 square feet of retail space on the first floor, commercial space on the second floor, and 339 parking spaces. The project is currently in the pre-development phase, with architectural renderings and floor plan drawings completed, legal and professional fees paid, and consultations with local real estate experts undertaken. Tony Schmidt founded 21st Street Properties in April 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.2 million. The campaign proceeds will be used for architecture, engineering, legal and accounting fees, and consulting.

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Investment Overview

Raised this Round: Raised: $1,450

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
09/12/2024
Close Date
12/13/2024
Min. Goal
$10,000
Max. Goal
$1,200,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$1,000

Company & Team

Company

Year Founded
2022
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Location
Virginia Beach, Virginia
Company Website
Visit Website

Team

Employees
2

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$25,507
 Runway
0 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-306,084

$-301,601

Summary Balance Sheet

FY 2023 FY 2022

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$2,174,151

$2,539,830

Short-Term Debt

$381,148

$366,745

Long-Term Debt

$1,789,388

$2,170,536

Total Liabilities

$2,170,536

$2,537,281

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/13/2024 Netcapital $1,000 $1,450 Equity - Common Active RegCF
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Add to portfolio
21st Street Properties on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $1,000
Price per Share: $10.00

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Follow 21st Street Properties on NetCapital 2024

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