Last week, 175 investors in 1351 H Street NE, our first-ever Fundrise offering, joined us to celebrate the soon-to-open Maketto, the Asian street market concept that will combine retail from fashion designer Will Sharp, food from Toki Underground’s Erik Bruner-Yang, and coffee from Vigilante Coffee Company.
From a performance standpoint, we believe that the property is out-performing even our optimistic projections from two years ago when the project was funded:
- We have received $120,000 in rent payments over the last year.
- The property has gained $2,500,000 in improvements.
- Based on a conservative value from the income stream in rent $150K annually, we estimate the building to be worth between $2.3M - $2.75M—an approximately 125% increase in roughly 2 years.
Read more in a recent Urban Turf piece on the event.
More photos from the event can be found on the Fundrise Facebook page.