Invest in a new Nashville luxury condo to be operated as a vacation rental

Analytics

Raised to Date: Raised: $375,694

Aggregate Commitments $

Platform

Republic

Start Date

06/04/2021

Close Date

09/30/2021

Min. Goal

$32,250

Max. Goal

$443,715

Min. Investment

$258

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$6.45

Pre-Money Valuation

$645,000

Rolling Commitments $

Status
Funded
Reporting Date

10/03/2021

Days Remaining
Funded
% of Min. Goal

1,165%

% of Max. Goal

85%

Likelihood of Max
Funded
Avg. Daily Raise

$3,184

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Location

New York, New York

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

44 East, a new residential condominium in Austin, is raising crowdfunding on Republic. It is a 49-story 322-unit condominium at a unique location with breathtaking views. The condo is exquisitely designed by Michael Hsu Office of Architecture and boasts of a neighboring park, water, and urban settings. 44 East is led by Janine Yorio and Jesse Stein and will be owned by Compound Projects. The proceeds of the current round of crowdfunding, with a minimum target of $32,250 and a maximum target of $443,715, will be used for the acquisition of the property. 44 East is located at an excellent location where home values have appreciated by 63.8% over the past ten years. The acquisition is expected to close in the fall of 2021, and the apartment will be leased post-acquisition.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$29,953

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-47,888

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$242,903

$0

Accounts Receivable

$0

$0

Total Assets

$1,703,326

$65,587

Short-Term Debt

$531,112

$65,587

Long-Term Debt

$0

$0

Total Liabilities

$531,112

$65,587

Financials as of: 06/04/2021
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
44 East 09/30/2021 Republic $645,000 $375,694 Equity - Common Funded RegCF
Flatiron- Miami 06/26/2021 Republic $532,000 $212,800 SAFE Funded RegA+
Illume- Nashville 06/25/2021 Republic $463,000 $106,490 SAFE Funded RegA+
Draper Startup House- Austin 12/31/2020 Republic - $170,625 Equity - Common Funded RegCF
44 East- Austin 08/26/2020 Republic $463,000 $193,500 Equity - Common Funded RegCF
Flatiron- Miami 08/18/2020 Republic - $300,000 Equity - Common Funded RegCF
Illume- Nashville 08/18/2020 Republic - $324,100 Equity - Common Funded RegCF
Compound: Reach 03/10/2020 Republic $495,000 $97,270 Equity - Common Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
44 East on Republic 2021
$
Platform: Republic
Security Type: Equity - Common
Valuation: $645,000
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

Follow company

Follow 44 East on Republic 2021
View on Republic (Closed)
Bullish / Bearish
You're Bullish on 44 East on Republic 2021

Thank you for your vote on 44 East on Republic 2021

Bullish / Bearish
You're Bearish on 44 East on Republic 2021

Thank you for your vote on 44 East on Republic 2021