1. Prime Location o One block from Newark Penn Station: A major transit hub offering easy access to NYC in 20 minutes. o High foot traffic area ideal for residential and retail tenants. o Growing Newark market with increasing demand for mixed-use developments. 2. Strong Financials o Projected market value after development: $20,000,000. o Annual Net Operating Income (NOI): $1,134,119 post-development. o Stable and diversified income streams: Residential and retail. 3. Permits Ready to Go o Fully approved permits for 8 eight-story buildings, with 49 one-bedroom units, 7 two-bedroom units, and 2 retail spaces. o Total development area: 47,456 SF. 4. Attractive Investment Opportunity o 50% equity offered for a $4,000,000 investment. o Significant upside: Doubling asset value post-completion. 5. Scalable and Sustainable Model o Retail spaces cater to local needs, boosting tenant retention and foot traffic. o Low-income tenant allocation aligns with community development incentives and potential tax benefits. Market Trends and Demand: • Newark is experiencing rapid growth with strong demand for transit-oriented development (TOD). • The project location’s proximity to NYC attracts commuters looking for affordable, high-quality housing. • Retail spaces benefit from a dense urban population and consistent local demand. Closing Arguments: • This is a turnkey opportunity with minimal upfront hurdles (permits ready). • The partnership offers substantial long-term gains through a strategic location, robust income streams, and strong property appreciation. • A chance to invest in a development project that combines urban living appeal with community-focused retail spaces.