Active Investment

6117 Hyde Flats Road 21 Black Creek, NY 14714

PrivateREI
6117 Hyde Flats Road 21 Black Creek, NY 14714
Main
Property image
Property image
Starting Price
$53.61
per share
Total Shares
1,150
shares total
Available
750
shares left
Total Value
$61,652
of investment

Ownership Progress

34.8% Sold
400 shares sold 750 shares remaining

About This Investment

About the Property

30 Acres of Farm Land in Black Creek, NY

Offering Details

  • The owner, Hyde Flats LLC, transferred their property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
  • Tokens represent direct ownership in the LLC that owns the property. Hyde Flats LLC will maintain at least 10% ownership in the LLC indefinitely.
  • View proof of Hyde Flats LLC ownership prior to the title transfer and proof of title transfer here. View the LLC documents here.
  • Hyde Flats LLC will pay investors a Rental Yield of 7%. View Lease Agreement
  • The owner of Hyde Flats LLC passed a criminal background check via Checkr and has a credit score of 702 via Experian.
  • Hyde Flats LLC will pay for 100% of the maintenance costs and property taxes
  • View additional terms here

Property Details

  • Farm land in upstate New York, owned free-and-clear with no debt. View parcel dimensions here.
  • Drone video footage
  • The owner's plan is to sell the land in 3-5 years and realize the appreciation. A governance vote will take place at this time to determine if investors would like to sell the land.
  • Per the Comparables sheet, the average Price/Acre of comparable land was in 2019 was $810/acre. The appraised Price/Acre of this land parcel in 2024 is $2,034/acre. This is a 30.2% annual appreciation rate over a 5 year period. The broker who provided the comparables sheet expects a similar rate of appreciation to continue. The owner advised that neighboring counties start at $3,000 - $3,300/acre and south in Pennsylvania the land starts at around $5,500/acre.
  • The owner has been a residential real estate investor since 2012 and started purchasing land in 2021. They own 5 other parcels in New Jersey and New York totaling 45 acres, and have another 100 acres pending under contract. Hyde Flats plans to list the additional land parcels on Lofty.
  • View Operating Reserve balance chart
  • View property transaction data

Due Diligence Documents


Starting Price
$53.61
per share
Total Shares 1,150
Available Shares 750
Investment Value $61,652
Min: 1 share • Max: 750 shares
Your Investment
$53.61
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