44 East

44 East

Early Stage

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

Overview

Raised to Date: Raised: $375,694

Total Commitments ($USD)

Platform

Republic

Start Date

06/03/2021

Close Date

09/30/2021

Min. Goal
$32,250
Max. Goal
$443,715
Min. Investment

$258

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.45

Pre-Money Valuation

$645,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

10/02/2021

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$3,184

# of Investors

628

Momentum
Not Funded
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Year Founded

2019

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

New York, New York

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: 06/03/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
44 East 09/29/2021 Republic $645,000 $375,694 Equity - Common Not Funded RegCF
Flatiron- Miami 06/25/2021 Republic $532,000 $212,800 SAFE Funded RegA+
Illume- Nashville 06/24/2021 Republic $463,000 $106,490 SAFE Funded RegA+
Draper Startup House- Austin 12/30/2020 Republic - $170,625 Equity - Common Not Funded RegCF
44 East- Austin 08/25/2020 Republic $463,000 $193,500 Equity - Common Not Funded RegCF
Flatiron- Miami 08/17/2020 Republic - $300,000 Equity - Common Funded RegCF
Illume- Nashville 08/17/2020 Republic - $324,100 Equity - Common Funded RegCF
Compound: Reach 03/09/2020 Republic $495,000 $97,270 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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44 East on Republic 2021
Platform: Republic
Security Type: Equity - Common
Valuation: $645,000
Price per Share: $6.45

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