Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide new construction of eight (8) three-family homes to provide five (5) affordable residential units and nineteen (19) market rate rental units. Entity Name: DCF Developers, LLC Entity Address: 162 South 8th Street, 3rd Floor, Brooklyn, New York 11211 Sale Amount: $131,040.00 Cost Basis: (X) $13.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $158,600.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of property ownership from the City to the Redeveloper Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 474 Avon Avenue/Block 2643/Lot 8/South Ward 476 Avon Avenue/Block 2643/Lot 7/South Ward 233 South 10th Street/Block 1814/Lot 29/West Ward 235 South 10th Street/Block 1814/Lot 30/West Ward Additional Information: Sale Price: Total Square Footage X PSF = 10,080 X $13.00 = $131,040.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.

What this record is

Held by

DCF Developers, LLC 2 records across this site

Amount

$159K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

Field

Construction

construction contracts in NJ that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

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DCF Developers, LLC also holds

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose:… $159K Newark, NJ

Committee

Economic and Housing Development

Introduced

July 25, 2024

On agenda

November 7, 2024

Passed

November 7, 2024

Where it was heard

Municipal Council Nov 7, 2024 Adopt Pass

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