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Jersey City, NJ

Developing new loft residences and retail space in a Qualified Opportunity Zone in Jersey City.

• Qualified Opportunity Zone: Located in a designated area offering potential tax advantages to investors.
• Ground-up development: From vacant land to seven new lofts with an additional retail space.
• Experienced team: Led by developers with over 10 years of experience and a strong local track record.
• High walkability: Situated in a dense, transit-connected corridor with a walkscore of 94.
• Long-term growth: Investment focused on cash flow and future appreciation through an extended hold period.

The Seven is raising funds through a Regulation Crowdfunding offering to finance the development of a ground-up real estate project in McGinley Square, Jersey City. The project will transform vacant land into seven newly constructed loft apartments with an additional small retail space. Located in a federally designated Qualified Opportunity Zone, the development offers potential tax advantages to investors. The funds will be used to secure an equity interest in the project entity, which will manage the construction and eventual operations of the property. Investors will receive preferred equity and a prorated share of profits from long-term operations and potential future sale.

This offering is led by NUIC Development, a team with over a decade of real estate experience and a portfolio of 20+ completed projects. Founders Daniel J. Mirabel and Brenly E. Tolentino bring deep expertise in finance, construction, and community development, and both have strong personal ties to Jersey City. The project’s location boasts a high walkability score and strong access to transit and urban amenities, making it attractive for tenants. The anticipated long-term hold strategy focuses on steady rental cash flow, with projected refinancing opportunities and property appreciation over an 11-year horizon. This investment presents an opportunity for participation in an urban infill development with both financial and community-focused returns.

Company Info

The Seven is a residential development project creating seven new loft units and a retail space in Jersey City’s McGinley Square.

The Seven is a real estate development project located in McGinley Square, Jersey City, focused on constructing seven new loft-style residential units with an additional small retail space. The project is situated in a high walkability area with access to transportation, dining, and parks, targeting long-term residents seeking urban convenience. It is structured as a Qualified Opportunity Zone Fund, designed to align with federal tax guidelines that promote investment in economically underserved areas. The development team, led by NUIC principals Daniel J. Mirabel and Brenly E. Tolentino, brings over a decade of experience in construction, real estate, and property management within the local market.

The Seven will be developed by 188 Monticello LLC and managed by the sponsor entity, offering preferred equity and proportional profit sharing to participants. The project plan includes a ground-up build, with projections showing increasing rental cash flow beginning in year two and continuing through year eleven, when a property sale is anticipated. Architectural plans, site analysis, and projected financial models suggest phased refinancing opportunities and stable long-term occupancy. The team aims to deliver a high-quality residential product that aligns with community development goals while leveraging local knowledge and relationships to ensure execution to a high standard.