535 MLK BLVD URE LLC
Developing a Diversified Portfolio of Real Estate Opportunities
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535 MLK BLVD URE LLC
506(c) Offering Platform
INTRODUCTION TO OUR COMPANY
The Company is a development stage real estate investment vehicle, organized to develop from ground-up, hold, lease, and ultimately sell or refinance a multi-family property located at 535 – 541 Martin Luther King Jr. Boulevard, Newark, NJ consisting of forty-three (43) rental units with twenty-six (26) parking spaces as more fully described in Exhibit A (collectively, the “Property”). The Company intends to have the Preferred Series A Interest investors exit the investment in approximately three (3) to five (5) years.
Ribbon cutting for ground up new construction condominium building developed by 535 MLK BLVD URE LLC Manager, Mid Atlantic Investment Alliance LLC
535 MLK BLVD URE LLC
506(c) Offering Platform
summary of operations
The Company is a development stage real estate investment vehicle, organized to acquire, complete ground-up construction, hold, lease, and dispose of a multi-family property located at 535 – 541 Martin Luther King Jr. Boulevard, Newark, NJ consisting of forty-three (43) rental units with twenty-six (26) parking spaces as more fully described in Exhibit A (collectively, the “Property”). The Company intends to have the Preferred Series A Interest investors exit the investment in approximately three (3) to five (5) years (anticipated period to complete construction, stabilize the Property and achieve consistent and full occupancy).
Purchase, Develop, Renovate, Lease and Resell
Our primary strategy will involve the following general transaction structure:
The Company will complete construction of a multi-family property located at 535 – 541 Martin Luther King Jr. Boulevard, Newark, NJ consisting of forty-three (43) rental units with twenty-six (26) parking spaces.
Current Real Estate Assets
42 Unit mixed use rental located at 535-541 MLK BLVD
Construction is underway and the new construction will be 1 mile from Newark Penn Station (connecting residents to New York City and various interstate rail services), and just an 8-minute drive to Newark Liberty International Airport. The property sits on a 12,187 square foot lot at 535-541 ML King Blvd, Newark (Block: 102 / Lot: 53). The location is in the Institutional Zone. The building is approved to have 2 stories of parking (36 spaces) and 4 stories residential development. Amenities will include:
- Fitness center;
- Party room
- Bicycle storage;
- Amazon storage room;
- Rooftop patio space with outdoor furniture, grill.
Downtown Newark, just minutes away from schools, the Prudential Center, NJPAC, Military Park, Lincoln Park, Independence Park, as well as in close proximity to Newark Museum, New Jersey Institute of Technology, Rutgers University, University Hospital, and numerous restaurants, banks and stores.
- Targeted Average Cash Yield: 9% Preferred Annual Return
- Targeted Equity Multiple: 2x
- Target Investment Period: 5 - 7 years
535 MLK BLVD URE LLC
506(c) Offering Platform
Company Management Team
The Company is currently managed by seasoned business and sector professionals dedicated to the success of the Company and efficient execution of its planned operations.
Victor Baker
Managing Member
Victor is an experienced developer with a reputation for securing financing and implementing infrastructure for real estate development projects. With over a decade of experience, he has presided over commercial, rehab, and new construction projects, as well as both public and private redevelopment financing and urban redevelopment.
Hassan Keith
Managing Member
As a New Jersey General Contractor, Hassan has grown an extensive portfolio of projects – including nearly 200,000 sq. ft. of residential and commercial properties. He has experience in reconstruction of damaged structures, infill new multi-family construction, infill mixed-use construction, and commercial space fit-outs.
535 MLK BLVD URE LLC
506(c) Offering Platform
terms of the offering
$7,000,000
Minimum Investment: $25,000 (1 Unit)
The Company is offering up to 280 units (the “Units”) of the securities of 535 MLK BLVD URE LLC (d/b/a “The BLVD” and referred herein as the “Company”) for an offering of $5,000,000 with a maximum offering of $7,000,000 (the “Offering”). Each Unit will consist of one (1) Preferred Series A Non-Voting Membership Interest (collectively, the "Preferred Series A Interests").
The Company reserves the right in its sole discretion to sell fractionalized Units, and may accept investments of less than the minimum subscription of $25,000.
CONTACT US
Please complete the contact form and we will get back to you about any questions you have about our offering.
535 MLK BLVD URE LLC - 535 Martin Luther King Boulevard - Newark, NJ 07102 — info@myvaluefund.com — (201) 214-0353
535 MLK BLVD URE LLC
506(c) Offering Platform
so much more than what you see
The 535 MLK BLVD URE LLC 506(c) Investor Portal provides the opportunity to learn about our investment opportunity. Once registered, you will be able to
- Access the Private Placement Memorandum, which outlines our company and gives greater detail about our offering;
- Access our SEC filing;
- View real time offering metrics of how far along we are in the offering process;
- View a timeline of your progress in the subscription process;
- View company contact information; directly contact the administrator;
- Easily upgrade your account with the click of a button.
Once your account is upgraded you will have additional access including the ability to:
- Complete the subscription documents;
- Upload subscription and accreditation documents as applicable;
- View specific information for investing and instructions on transfer of investment funds;
- Review company documents including Reports, Financials, and Supporting Documents;
- Access the asset portfolio as applicable;
- Access news articles written by the company;
- View documents associated with your account.