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6117 Hyde Flats Road 21, Black Creek, photo 1
6117 Hyde Flats Road 21, Black Creek, photo 2
6117 Hyde Flats Road 21, Black Creek, photo 3
6117 Hyde Flats Road 21, Black Creek, photo 4
6117 Hyde Flats Road 21, Black Creek, photo 5

6117 Hyde Flats Road 21

6117 Hyde Flats Road 21

Black Creek, NY 14714

CommercialCash FlowingNo Mortgage
Share price$53.00
Avg yield6.6%
Current yield6.6%
CommunityDiscuss this property with investors and the property manager

About

30-acre farmland parcel in Black Creek owned free-and-clear with no debt. The owner plans to sell the land in 3–5 years, with a governance vote to determine disposition. Comparable data shows pricing increasing from $810/acre in 2019 to $2,034/acre in 2024, reflecting a 30.2% annualized appreciation over five years. The owner has been investing in real estate since 2012 and land since 2021, with additional holdings across New Jersey and New York. Hyde Flats LLC will pay a 7% rental yield and cover 100% of maintenance costs and property taxes, and the owner has a 702 credit score with a completed Checkr background check.

Property Management

Hyde Flats LLC

Property manager details coming soon.

About this offering

Total Property Value$61,650
Equity
$60,800
Debt
None
Closing Costs (incl. inspection & appraisal)$300
LLC Formation$550
Operating Reserve
$584.92

The Market

Black Creek, NY

Black Creek, NY offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.

Property Updates

UpdateOct 8, 2024
  • Governance Vote:

  • The governance results are back for the governance vote proposed by the co-owner, Hyde Flats LLC.

  • The winning vote is:

  • Current operating reserve be added as USDC to the liquidity pool, as there is no current need for the funds (and nothing for the funds to be applied to). Any interest earned from the USDC in the LP would be claimed monthly and reapplied to the LP as USDC.

  • This was voted on by 46 participants in total. Out of the total number of participants, 38 voted for the winning vote, totaling 94.01% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculations as opposed to the default of 1 token equals 1 vote.

  • The voting results can be found on chain here or by searching the application ID: 2347111121

  • The Operating Reserve balance of $986 will be added to the liquidity pool as USDC promptly. Any interest earned from the USDC in the LP will be claimed monthly and reapplied to the LP as USDC.

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Share price

$53.006.6% yield