United Equity Investments, LLC (UEI)
is a privately held New York based real estate investment firm, founded by Michael Wahba. Uel‘s primary goal is to maximize return on investment via strategic acquisitions, development, management of commercial, residential and mixed–use properties.
The strength of UEl lies in its ability to identify and acquire outstanding properties before they reach the general real estate market. Being able to assess these deals and close on them quickly is what differentiates UEl from the rest
UEl along with its exclusive institutional and private investors has been involved in over a billion dollars of real estate transactions. UEI focuses on acquiring both stabilized properties with established cash flow as well as properties for development with greater potential for upside value. The company applies its expertise to reposition its assets through physical improvements and aggressive marketing studies as well as through partnering up with the right developers that will help maximize the investments potential.
The above strategies have been successfully employed by Michael Wahba and his partners over the last 20 years. As an example, Starrett Lehigh, a 2.3 million square foot building located on Manhattan‘s West Side, When acquired in 1998 for 150MM, The building was 20% occupied with rents averaging $4 per square foot. The building was eventually sold in the summer of 2011 to RXR for 920 MM. The reason they were able to achieve such a price was because of the buildings beautifully appointed, land marked façade, and diversified tenant roster that included Hugo Boss, LVMH, Club Monaco Martha Stewart, Tommy Hilfiger, the department of Homeland security, and the FBI. The building achieved 90% occupancy with rents reaching as high as $40 per square foot. Other Notable properties Wahba has been involved with include 461 west 34th street, 1145 Broadway, 110 east 42nd Street, 132 west 31st Street a.k.a Pencom, The Olivia on 34th Street, 576 Third Avenue In Brooklyn. 303 West 10th, 656 Amsterdam Avenue, 1185 Avenue of the Americas, 237 east 88th street and 88 chamber street, just to name a few.
UEI has developed close and important ties with the largest developers, operators, owners and brokers in New York City which have proven to be important strategic sources for early detection of primary properties ripe for acquisitions. These relationships, combined with the above strategies and the firm‘s agility of operation, give them a competitive edge and a greater pulse on the market.
Founder ‘s Testimony
As a lifelong resident of Brooklyn, I have been involved in activities which contribute to physical, mental and emotional well-being of our community since adolescence. My objectives of reaching out to those in need and providing access to programming, assistance and guidance have always aimed to achieve one goal – Tikkun Olam. It is my hope that my newest endeavor, The Star Foundation (b’ezrat Hashem) will follow in the path of success as well.
EDUCATION/SPECIAL NEEDS INITIATIVES:
STAR Foundation – (Striving Together Achieving Results):
2013 a multi-level approach to assisting individuals and families dealing with ADD, ADHD, Asperger’s, Autistic Spectrum Disorders, Developmental Disabilities through
Information & Referrals – for education, insurance and entitlements, Medicaid Waiver, CPSE, CSE
Guidance: establishing a community resource center with printed, audio/video literature covering the wide spectrum of diseases, disorders, syndromes and diagnoses along with treatment resources, information on modalities, programs, schools, etc.
Respite – Provide respite care for those parents and caregivers, allowing them to recoup and recover
emotional, physical and mental strength as they help their families navigate to receive needed services
Residence – for Individuals aging out of school-based care, providing an opportunity to live independently (with minimal supervision) instilling pride, sense of self-worth and accomplishment
Career Services Network – (Division of Sephardic Bikur Holim),Brooklyn, New York 1999-present
As President of the Career Services Network division, provide leadership, guidance and establish growth objectives to empower this small group of job developers and support staff to provide the ultimate level of tzedakah, enabling a fellow Jew to find gainful employment/parnassah
Strengthen families, instill pride, encourage and motivate community members every day
Flatbush Shomrim Safety Patrol ( FSSP) 2014-Present
FFSP is a proactive volunteer Jewish civilian patrols which have been set up in the Flatbush communities of Brooklyn, (and in many other countries) to combat burglary, vandalism, mugging, assault, domestic violence, nuisance crimes, antisemitic attacks, and to help and support victims of crime. They also help locate missing people. As a community Activist concerned for the safety and wellbeing of the community, FSSP is on call 24/7 equipped with 2 way Radios and are able to respond and assist the NYPD . Since joining FSSP Michael has been involved over 40 arrests, and 15 Missings.
Community Security Alliance (CSA) 2016-Present
CSA is a nonprofit formed to help ensure the safety and security of the Sephardic community’s institutions through a thorough, carefully designed and coordinated plan of actions and protocols.
Sephardic Angel Fund, Brooklyn, New York 2006-2009
Assisted community members with career services referrals, business advice, guidance, Angel matching, linking them to Interest Free Loans
Assembled and prepared documents in order to apply for Small Business Lender status from the Small Business Association
Served first as a Vice President of SAF which enabled me to absorb, analyze and process the issues presented and then determine the best plan of action for all those involved; signor on behalf of SAF of the Edict Reaffirmation of 2006
Sephardic Bikur Holim, Brooklyn, New York 2001-present Board Member and Captain for Client Services
As a Captain, handled over 30 individual/family cases, providing access to networking, other agency/resource referrals and allocations assistance. Coach and mentor clients through traumatic,
life-changing events, work conditions and assist them in obtaining goals
Edmond J. Safra Synagogue of Brooklyn, Brooklyn, New York
Member of congregation under the leadership of Rabbi Eli Mansour; cultivate community contacts to assist in fundraising efforts for new synagogue building
CHESED TEACHING INITIATIVES:
SPARK (Strengthening Pride and Reinforcing Kindness)
Chesed implementation in community-based settings, schools etc.
Yeshiva of Flatbush High School, Brooklyn, New York –
Instructed class in Jewish Business Ethics, instilling those students pursuing post-high school goals of entering business with the tools to make halachically/ethically/morally correct business decisions
Salt Equities / UEI LLC- Managing Member/Senior Principal -, New York, New York 2006-present
Salt Equities currently manages & owns residential rentals, retail, and the Riff Hotel chain. Previously, as head of Elliman Capital Markets, a division of Douglas Elliman, assisted clients seeking commercial, retail and residential real estate opportunities in New York City and surrounding areas. Extensive background as a building owner and property manager, with a proven track record brokering complex multi-million dollar deals. Key industry player throughout 15 years in the business.HolimHolHjjiioio
Accomplishments: Youngest Head of Acquisitions for Hirsch, Wolf & Company, during
tenure, managed a portfolio of more than 30 buildings throughout Manhattan and Brooklyn
My Tool Rental LLC 2010-Present
Started and set up a Tool Rental Company with a fleet of over 200 Machines
PERSONAL DATA: Married to Michelle for 20 years, 7 children, attending Ateret Torah and Shaare Torah
Completed the Real Estate Program of New York University
610 Coney Island Ave Brooklyn NY 11218
Contact Number: (718) 633-0009