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Lofty Secondary

724 3rd Ave, Watervliet, NY 12189

🇺🇸 Watervliet, NY

724 3rd Ave, Watervliet, NY 12189 — photo 1 1 / 12

Total Asset Value

$138,001

$237,614 raised

Price

$27.75 / token 0.0% vs previous fill

-41.9% vs issue price

Buy on Lofty ↗

🕒 Realized yield · no payout 11 mo

6.78%

average of yield over time, to date

📈 Current Market Yield · no payout 11 mo

8.28%

No distribution for 11 months — this yield is what the listing would pay, not what it is paying.

⚠️ Risk signals

✕ 1 ! 4 ✓ 3

red = caution · click to inspect each signal

🔔 Watch this property

Get alerted when liquidity drops, a lawsuit is filed, or distributions stop.

Risk check No payout · 11 mo Vacancy on record Rent current Rent 22% above HUD FMR Moderate flood risk Yield dipped to 7.8% Sellable -42% vs issue

Overview

4/5
Platform
Lofty
Token symbol
Not provided
Asset class
Real estate
Market
Secondary
Status
Active

Exit & Liquidity

6/9
Sellability
Two-sided
Trades (7d)
5 fills
AMM pool cash (USDC)
$0.00
AMM pool tokens
0
Order book — buy
160
Order book — sell
353

Executed trades

20 fills

Actual fills on the secondary market, newest first — not open orders. Updated hourly; where a transaction hash exists the date links to the chain.

When Tokens Price Value
1d ago 5 $27.75 $138.75
1d ago 2.1628 $27.75 $60.02
3d ago 1 $27.75 $27.75
6d ago 0.5 $28.53 $14.27
6d ago 0.0363 $27.75 $1.01
9d ago 0.2162 $27.75 $6.00
12d ago 0.3 $28.54 $8.56
Oct 2, 2026 1 $27.75 $27.75
Oct 1, 2026 0.3967 $27.75 $11.01
Oct 1, 2026 0.0363 $27.75 $1.01
Sep 30, 2026 1.6134 $30.99 $50.00
Sep 30, 2026 0.1517 $27.75 $4.21
Sep 27, 2026 3.2268 $30.99 $100.00
Sep 26, 2026 0.55 $30.99 $17.04
Sep 26, 2026 11.45 $30.99 $354.84
Sep 26, 2026 12 $30.99 $371.88
Sep 26, 2026 12.75 $30.99 $395.12
Sep 26, 2026 13 $30.99 $402.87
Sep 20, 2026 25.25 $30.00 $757.50
Sep 20, 2026 6.2 $30.50 $189.10

Returns

8/11
Net APY
4.81%
Gross APY
4.81%
Realized ARY
6.78%
Cap rate
4.81%
Cash-on-cash
4.81%
Gross rent / yr
$29,160.00
Monthly rent
$2,430.00
Total rent paid
Not provided
Payout cadence
Monthly
since Apr 2024 · 19 monthly payouts
Metric

Net yield over time

Avg 6.78%
Apr 2024 0.00%–13.68% Oct 2026

Operating costs (annual) — the drag from gross rent to NOI

Property tax $4,282.08 14.68%
Insurance $817.56 2.80%
Management $1,138.50 3.90%
Maintenance reserve $3,000.00 10.29%
LLC admin $750.00 2.57%
Total operating costs $9,988.14 34.25%
Gross rent → NOI $29,160.00 → —

How net yield is calculated

Tenants pay gross rent, but property management (~7%), insurance, property tax, maintenance and the platform fee come out before you’re paid. Net rent is what’s left to distribute — those costs fall on the investor, not the platform. The platform keeps only its listing/trading fee.

Why the payout swings. Lofty distributes the actual cash collected each month, so a repair, a vacancy or a fee lands in the month it happens — the bars above move with it. You see costs raw, as they occur, not averaged out.

Valuation

13/17
Current price / token
$27.75 · 5 tokens ($138.75) · 1d ago
Appraisal NAV
$47.78
Premium / discount vs NAV
-41.9%
Underlying value
$236,850.00
Sale price
$231,000.00
ZIP home value (Zillow)
$317,305.82
This price vs ZIP
-27.2%
ZIP rent (Zillow)
$1,449.14
This rent vs ZIP
+67.7%
Median home value (ACS)
$177,900.00
Median rent (ACS)
$1,171.00
HUD fair market rent
$1,990.00 (4BR · ZIP)
Rent vs HUD FMR
+22.1%

Risk

12/16
LTV
38.40%
Property price
$231,000.00
Loan
$88,651.74
Equity
$142,348.26
Monthly loan repayment
$0.00
Occupancy
Vacancy on record
Vacancy rate (tract)
13.00%
Vacancy rate (county)
9.70%
Income vs county
-11.1%
Income trend
+56.5%
Population trend
+29.2%
County tax standing
Not provided
FEMA flood zone
X

⚠️ Monthly loan repayment is $0 (deferred) — the 38.4% loan isn’t being serviced now, which inflates current cash yield, but the $88,651.74 principal still claims sale proceeds.

Whale concentration

Moderate
Holders (wallets)
≈ 119ⓘ
Total tokens
4,957
Top holder
26.91%
Top 5
55.08%
Top 10
73.03%
Largest holding
1,338 tokens
Effective holders
9.5
HHI
1,058.1
Distribution of the top 25 holders and the combined remainder — hover for value & quantity

Read live from Algorand: every holder's on-chain balance across 119 wallets (issuer/reserve excluded). Higher top-holder share means a single seller can move the price. The platform's own holder count can run slightly higher — it also counts owners pooled in its custodial wallet.

Property & Neighborhood

9/13
Address
Not provided
Location
Watervliet, NY
Country
United States
Property type
Multi-family
Beds / baths
4 Bed / 3 Bath
Size
1,980 sqft
Year built
1890
Operating since
2024-04-22 (2y 5m in)
Median income (tract)
$73,941.00
Population (tract)
3,011

Off-chain neighborhood data — US Census ACS 5-year (tract 013400) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.