Fractal Property

A Hub For Real Estate NFTs

Condo Unit


Condo Unit in CT

This 2 bed / 1 bath ranch style condominium unit is located in the quiet and professional Farmington Village complex in Farmington, Connecticut.  The unit is within walking distance to Unionville Center, restaurants and Farmington river.  It’s an easy commute to shopping, schools and the public library.

The apartment is bright and tastefully finished with a full kitchen and full bathroom. It is currently rented out an annual lease and managed by a professional management company.  

The owner of this unit purchased it as an investment property and is experimenting with different ways to share ownership and more efficiently use the property.  If you have any questions (I’m sure you do), please email

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Current Rent

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Net of Expenses

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Annual Rent Per NFT

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Annual Rent Return

Facts & Features



Year Built:



16 Units

Condo Size:

719 Square Feet



Annual Taxes:





Baseboard, Electric


Wall Unit(s)

NFT Sale Details

This NFT project was created by the current owner of the unit.  The sale is meant to set an example for possible future real estate transactions that fill in gaps in the market while abiding by local laws and regulations.  Tokens will also be sold at a discount to market values to reflect the cost savings compared to traditional transactions.  

TOKEN 1: Purchasing this NFT is a way to enjoy partial ownership and rental income with minimum investment and effort.  The current owner on official records will remain the property owner, but grant certain ownership rights to NFT holders. Those rights are voting rights, rights to rental income (if leased) and usage (if vacant).  

NFT holders will be able to vote on how the property is used, i.e. continue renting, using (as timeshare), more token sales or an outright sale.  Voting will be conducted through the NFT which allows the current holder to change certain attributes of the token.

Currently, the unit is rented for $1,150 per month. Net of typical expenses (HOA, interest, taxes, insurance, management fee), this property generates income of approximately $500/month. At the end of each quarter, net income less all expenses (including non-typical repairs) will be sent to each crypto wallet that owns an NFT, proportionate to the share. This means for each NFT you own, you can expect $15 each quarter (or $60/year) in cryptocurrency to be sent to your wallet address.  Atypical expenses will be deducted from this amount.  

While unrented or between renters, NFT holders are entitled to usage rights, determined through voting.

In the event of a sale, proceeds (net of costs and obligations) will be sent to wallet addresses proportionate to share.  Net proceeds will depend on sales price, transaction fees & taxes, and the cost to settle Token 2, if it exists.


Token 1:

Income Rights (1/100)

$1,000 (~.3 ETH)

1. You buy this NFT

2. You’ll receive 1/100 of net rent (rent – expenses) until the property is sold

3. If sold, you get 1/100 of net proceeds (e.g. $1,000) or arrangement continues with next owner

Token 2:

Appreciation rights

$5,000 (~1.6 ETH)

1. You and owner agree on current value of the property

2. You buy this NFT

3. If the property is sold, you get the price difference

Token 3:

FULL Ownership

$115,000 (~37 ETH)

1. You buy this NFT

2. You and owner coordinate on a sale

3. Deed will be transferred to you

TOKEN 2:  Purchasing this NFT is a way to participate in price appreciation (or depreciation).  The owner bought this condo in 2005 for $105,000.  The current Zillow estimate for the property value is $117,000.  Similar apartments in the complex have been sold for $111,000-$125,000 over the past year (the last at $125,000).  If and when this property is sold, the owner will repurchase the NFT from the current holder for the price difference between the selling price (net of closing costs) and $117,000.  

TOKEN 3:  Purchasing this NFT is another way of outright purchasing the property, but better.  

The holder of this NFT can, at any point, request from the current deed holder a transfer of the deed.  The cost of going through all customary closing legal and administrative procedures will be borne by the NFT holder/requester.  

However, until the NFT holder requests the deed transfer, they are able to resell the NFT for any price they wish, without incurring transaction costs outside of cost to transact the NFT (Fractal takes a small %).  Since this NFT grants all ownership rights to the holder, the value of the NFT should approximate the market value of the property (discounted for deed transfer costs).  

The NFT holder also can determine what happens to all outstanding (Token 1 & Token 2) tokens.  The holder has a right to settle all obligations and “burn” outstanding NFTs.  More details to come.

1634 Farmington Propcard

Management Company Statement

Assessment Parcel Map