3 World Trade Center

gross ann. return*
0 mo.
term remaining
Investment Complete
Current Ann. Return 5.0%
Accrued Ann. Return 0.0%
Gross Ann. Return* 5.0%

Investment Details

Current Ann. Return 5.0%
Accrued Ann. Return + 0.0%
Gross Ann. Return* 5.0%
Term Remaining 0 of 60 mo.
Min. Investment $5,000
Investment Size $2,000,000
Underlying Security Senior Debt

Investment Summary

This investment is dependent upon the performance of Class 1 Bonds for 3 World Trade Center, a 2.5 million square foot class A ground-up office development by Silverstein Properties in downtown New York City. Investors in the offering will be investing in a Company which holds the Class 1 Bonds.

Key Deal Points

An Iconic American Property

3 World Trade Center will be the third-tallest building on the New York City World Trade Center (WTC) site. Designed by Richard Rodgers, the tower will rise 1,170 feet above street level and include 2.5 million rentable square feet of office space.

Senior Secured, Tax-Free Return

A 5.0% tax-free interest rate from the Class 1 bonds, which are senior to more than $1.4 billion of other capital or approximately 43% of the loan to cost. A 5.0% tax-free rate (federally, in New York state, and in NYC) is equivalent to approximately 7.0-7.6% taxable interest rate (at the highest income brackets).

World-Renowned Developer

Silverstein Properties is an internationally-respected real estate development, management, and investment firm that is spearheading the continued revitalization of the World Trade Center and Lower Manhattan areas. Silverstein Properties has developed, owned, and managed more than 35 million square feet of office, residential, and retail space throughout the United States.

Projected Return Calculator

Gross Annual Return* 5.0%
Term 60 mo.
Total Return*

Fundrise Rating

The Fundrise Rating is a letter rating ranging from A to E that provides investors with the ability to easily compare investments across the Fundrise platform. The Fundrise rating measures the relative risk-adjusted return of an investment. Learn more
Category Assessment Points
Capital Senior to Fundrise 0% 0
Capital Junior to Fundrise 40% or more 1
Location Primary 1
Occupancy Vacant 3
Development Phase Ground-up 3
Sponsor’s Track Record $250 million or more 1
Secured by the Property Yes -1
Overall 8 A3

The information contained in the Fundrise Rating is for informational purposes only. It is impersonal and not individualized for any specific investor's financial situation and is not investment advice. These ratings are not intended to be, nor should you interpret them to be, a prediction of how a particular investment will actually perform. You should always carefully consider investments in any security and be comfortable with your understanding of the investment. You may also consider consulting investment professionals.

Risk-Adjusted Return

Capital Structure

Type Source % of Total Amount
Equity Grant Contributions, Inv. Income 36.2% $901,778,067
Class 3 Bonds 9.3% $231,000,000
Class 2 Bonds 11.2% $278,075,000
Class 1 Bonds Fundrise Investment ($2M) 43.4% $1,080,000,000
Total 100.0% $2,490,853,067

Property Summary

3 World Trade Center, located at 175 Greenwich Street in the World Trade office sub-district of Downtown Manhattan. 3 World Trade Center will be located on the World Trade Center site, which is an 833,945 square foot parcel with excellent frontage on the block bounded by Vesey Street, West Street, Liberty Street and Church Street. As of this date, 515,456 rentable square feet of 3 World Trade Center has been leased to Group M Worldwide, Inc.

Address 175 Greenwich St.
City & State New York, NY
Neighborhood Manhattan
Product Type Mixed-Use / Retail & Office
Project Phase Ground-Up / Construction

Market Summary

Downtown Manhattan continues to develop a popular mixed-use area making it an attractive market for employers. The area has exhibited a large influx of residents over the last decade, having doubled in population since 2001 according to the Downtown Alliance. The growth in population has spurred demand for accompanying retail, restaurants, hotels, and residential buildings. Many buildings in the area, including 37 Wall Street, 20 Exchange Place, and 140 West Street, have converted office space to residential or hotel space which has reduced the office space supply in the area.

About the Sponsor

Tal Kerret

Chief Investment Officer

Silverstein Properties, Inc. (SPI) is a privately-held, full-service real estate development, investment and management firm based in New York. Founded in 1957 by President and Chairman Larry Silverstein, SPI has developed, owned, and managed more than 35 million square feet of office, residential, hotel, and retail properties in the United States.

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Fee Schedule

Gross ann. return* 5.0%
Servicing and administration fee -0.15%
Net ann. return to investors 4.85%

Other Past Investments

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Gross Ann. Return* 15.0%
Term Remaining 0 mo.
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Atlanta Condo Pre-Development Loan

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Gross Ann. Return* 14.0%
Term Remaining 0 mo.
Underlying Security Senior Debt