Sunday, October 7, 2018

Tales from the crypto: Thirteen East + West tokenized on blockchain

[Plywood rendering of Thirteen East + West]

An item of of interest from this past week about Thirteen East + West condos, the recently constructed twin residences on 13th Street between Avenue A and First Avenue.

The condoplexes are reportedly the first major assets in NYC to be tokenized on Ethereum.

Per Forbes:

Ryan Serhant ... is the listing broker on the deal. He and the developer are turning to tokenization as a new method of financing, which could serve as a better alternative for the project and investors.

Tokenization is the process of representing the ownership of real world assets digitally on a blockchain. This new method of financing is the result of the partnership between Propellr and Fluidity, two companies that have joined forces to offer compliant products and services for the creation, distribution, and transfer of digital securities.

[EdNote: I have no idea what any of that means.]

And a look at the residences...

[No. 442]

[No. 436]

Each 6-floor building features six full-floor, two-bedroom homes with prices ranging between $2.350 million and $3.7 million.

Previously on EV Grieve:
Tracking the coming changes to East 13th Street between Avenue A and 1st Avenue

A look at the new luxury condos coming soon to East 13th Street

Temporary art and future condos on East 13th Street

Demo time for East 13th Street garages that will yield to luxury condos

A look at the residences coming to Thirteen East + West on East 13th Street

Full exposures at Thirteen East + West

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