The development will feature over 400 apartments.

The assets take up 131,000 square feet in total.

Investors chipping in at least $1,000 can take a stake in a 10-unit building.

If approved, the tower would stand at 1,010 feet.

The company is acquiring NYC real estate at "extraordinarily discounted prices."

Related Ross sees opportunities from luxury condos to mixed-use retail.

The portfolio includes a total of 18 buildings totalling 10 million square feet.

The assets take up a total of 1.4 million square feet.