535 MLK BLVD URE LLC
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The BLVD
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.
43 Unit Mixed Use Development Opportunity
Projected 10 Year NOI $11+
The BLVD
506(c) Offering Platform
summary of operations
Construction is underway and the new building 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 (26 parking spaces) and 5 stories residential development. Amenities will include:
- Fitness center;
- Party room
- Bicycle storage;
- Amazon storage room;
- Rooftop patio space with outdoor furniture, grill.
The location is Downtown Newark, just minutes away from schools, the Prudential Center, NJPAC, Military Park, Independence Park, as well as in close proximity to Newark Museum, New Jersey Institute of Technology, Rutgers University, University Hospital, and less than a mile from Whole Foods.
- Targeted Average Cash Yield: 9% Preferred Annual Return
- Targeted Equity Multiple: 2x
- Target Investment Period: 3 - 5 years
The BLVD
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 Sponsor/Developer with a track record for securing both private and public financing, and successfully assembling collaborative teams for redevelopment projects. With almost 2 decades of experience he has presided over commercial, major rehab, and new construction projects also serving as General Contractor. After last completing the ground up construction and sale of a 55,000 sq. ft mixed use condominium, his firm is currently building out a flagship rental redevelopment at 535 MLK BLVD in the Central Ward of Newark, NJ. Located across from two top performing high schools, a church, and minutes from the Liberty International Airport.
Hassan Keith
Managing Member
As a New Jersey General Contractor, Hassan has developed a portfolio of projects spanning both residential and commercial construction. His experience includes reconstruction of damaged structures, infil new multi-family construction, infill mixed-use construction, and commercial fit outs. Hassan’s track record also includes extensive experience securing public finance and subsidy sources for redevelopment projects. After last completing the ground up construction and sale of a 55,000 sq. ft mixed use condominium, his firm is currently building out a flagship rental redevelopment at 535 MLK BLVD in the Central Ward of Newark, NJ. Located across from two top performing high schools, a church, and minutes from the Liberty International Airport.
The BLVD
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
The BLVD
506(c) Offering Platform
so much more than what you see
The BVLD 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.