September Project Update
Project Updates

About.

Kilrock is a specialist property company focusing on quality residential development opportunities in New York and Dublin.

Led by developer John O’Reilly and Brian Tyrrell,  Kilrock projects traditionally deliver a target 15% p.a. investor IRR to its partner investors.  Thirty years experience has shown that focusing on the detail creates quality and quality pays a premium.

Offering a highly personalised service Kilrock has a proven track record of delivering development profit through intelligent property acquisition, unique market intelligence, and the hands-on experience that comes from its highly qualified team of architects and construction specialists who have been delivering projects in Brooklyn and Dublin for 30 years.

Take a look at our projects below and if you would like to find out more about our development philosophy, and why it works, do get in touch.

We look forward to speaking with you.

Projects

Projects.

CURRENT AND RECENT
BROOKLYN AND DUBLIN

Typical Project Profile
Return: 15% p.a.

Term: 18 – 24 months
Debt Equity: 60:40 Debt Equity

Investor Upates

Latest

At Kilrock we like to keep our partners up to date on progress and developments and give the feeling of ownership, each project is more than just an investment, it is a journey full of decisions and choices. 

241 13th Street.

The site contains a small 2.5 story wood frame house which will be demolished and a new 5 story luxury apartment building will be constructed. The apartments will be loft style with high ceilings and an emphasis on openness and light. Located on a quiet tree-lined block, the modern building is designed to complement the surrounding turn-of-the-century architecture.

September Update

February Update

July Update

March Update

Brooklyn Property Market Review

June Update

September Update

Philosophy.

THE BEST PRODUCT MAKES THE GREATEST RETURN.

01. LOCATION LOCATION LOCATION.

We only work in central prime residential areas, that we know well – Park Slope, in Brooklyn, and Ballsbridge, in Dublin.
These areas are more resilient in a market slow down, reflect price appreciation, and reward quality, always ensuring
better returns.

02. GOOD DESIGN CREATES BETTER VALUE.

Creating a premium product differentiates us from our competitors. Paying attention to materials, fittings and layout may take more effort, but it is more than compensated in the increased sales value. We look after the detail knowing that the premium sale will follow

03. WE ALWAYS KNOW OUR MARKET.

We always know who we are building for, and how much they will pay. Demand will drive price, and being on the ground and tied in with local estate agents means we are always delivering the highest quality product sought by premium buyers.

Our Philosophy
Investing

INVEST.

GREAT PROJECTS = GREAT RETURNS.

Investment in projects is typically by way of a Loan Note with accompanying coupon.  The Notes are offered on a limited basis and are suitable for individuals, corporates and pension investors.

01. HOW IT WORKS

Investment in projects is typically by way of a Loan Note with accompanying coupon. The Notes are offered on a limited basis and are suitable for qualifying individuals, corporates and pension investors. Loan Notes are issued with a 36 month term and can be redeemed once the underlying project has completed which is typically between 18 and 28 months.

02. . THE RETURNS AND BENEFITS

Typical return on Loan Notes is 15% compound with the coupon compounding on a daily basis.
Investors are encouraged to engage with the project. We provide regular detailed updates, and at the end of a project investors know that they’ve achieved a good return, but they have also been involved in creating someone a beautiful home.  As one of our investors reminded John recently, “that’s a good feeling, especially as you’ve also made me over a million dollars since I started investing with you”.

03. Currency

Loan Notes are issued in the currency of the underlying project, US Dollars for US projects and Euro for projects in the EU.

About Us

About Us.

John O’Reilly

John brings extensive energy and experience to the firm as a serial entrepreneur who splits his time between New York, where he has lived for the last 30 years and Dublin where he was born.

John has been involved in a number of successful start up ventures ranging from Retail to Real estate funds. John was a founding member and executive of the New York Property Funds which completed numerous high end Real Estate developments. John has been involved in all aspects of Real Estate development and structuring for over 25 years.

Brian Tyrrell
BBS Fin, FCISI, CFA inst

Brian has worked as a finance specialist for over 25 years, has been a director of several regulated investment firms and founded and subsequently sold on a substantial financial services company. Brian has significant experience in overseeing projects from inception to completion with a strong emphasis on financial control.

Brian is a qualified investment analyst, a Fellow of the Chartered Society For Securities and Investments and a member of the Chartered Financial Analyst Institute.

GET IN TOUCH

Contact.

Offices

New York
335 7th Avenue, Brooklyn, New York, 11215
P: +1 917 267 8731

 

Dublin
18 Merrion Road, Ballsbridge, Dublin, DO4 Y2T2
P: +353 87 935 77 22