24-1687
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate the property and use as an owner-occupied home. Entity Name: Leopoldo Benavides Entity Address: 269 6th Avenue W, Newark, New Jersey 07107 Sale Amount: $56,250.00 Cost Basis: (X) $15.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $137,700.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) 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) 270 North 7th Street/Block 1929/Lot 7/ Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 3,750 X $15.00 = $56,250.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties Deferred 7R2-b 040225
What this record is
- Amount
- $138K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic and Housing Development
- Introduced
- December 9, 2024
- On agenda
- April 2, 2025
- Passed
- April 16, 2025
Where it was heard
Municipal Council Municipal CouncilWatch what Newark buys
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