Nyce Co.

Nyce Co.

Own a piece of the skyline— and help wipe out wealth inequality.

We own, develop and operate tech-powered apartment buildings in NYC Metro, Philadelphia and Washington DC. Our current projects include the first smart tech building in Jersey City, an AI-powered co-living building by Temple University, and the first minority-owned high rise in Jersey City.

View on Wefunder
Security Type
SAFE
Industry
General
Min Investment
$10
Offering Date
April 11, 2020
Expected Close Date
July 10, 2020
Deal Notes

20.0% discount

$25K+ pro rata right threshold

Use of Proceeds

If $100,000 is raised:

72.5% Marketing (digital ads, social media, influencer campaigns, PR, VR marketing) 20% Business Operations (office costs, salaries, legal fees, etc.) 7.5% Wefunder intermediary fee

If $1,070,000 is raised:

22.5% Marketing (digital ads, social media, influencer campaigns, PR, VR marketing) 30% Technology (building out our platform, developer salaries) 10% Property Management 30% Business Operations (office costs, salaries, legal fees, etc.) 7.5% Wefunder intermediary fee

Management

Philip Michael
Founder, NYCE
Award-winning author/entrepreneur, built an eight-figure real estate portfolio in 24 months. Former director, content strategy at Bisnow Media leading up to the company's $50M sale.

Martin Braithwaite
Co-founder, NYCE
Martin Braithwaite is a professional soccer player for FC Barcelona and real estate investor. At $324M, Martin is one of the most expensive players in the world.

Dmitriy Ishimbayev
General Counsel, NYCE
Dmitriy Ishimbayev is an award-winning attorney, specializing in business, startup law, and real estate. As General Counsel of NYCE, Dmitriy helped secure development contracts and facilitated a $20M real estate fund.

Research Reports

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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Key Deal Facts

Grown from $850K in seed capital to $10.2M in assets (through subsidiaries) —all without debt.
Company subsidiaries have $57M in projects under development, featured in Forbes, Entrepreneur and BiggerPockets.
Co-founder is a bonafide soccer star for FC Barcelona with over 500,000 followers on Instagram.
Founded by bestselling author, award-winning entrepreneurs, and a World Cup/FC Barcelona star.
Just began construction on 1st AI-powered smart tech building in Philadelphia, as seen in Forbes.
C-level and all-star advisory board of award-winning real estate professionals and Forbes 30 under 30 alumni.
NYCE zoning lawyer is behind approvals for 85% of Jersey City skyline projects.
At just $500, you'll have the opportunity to own part of NYCE Companies, Inc., which owns the subsidiaries purchasing the buildings.

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