Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate property and sell to an owner-occupant homeowner at 80% Area Median Income or less Entity Name: Community Asset Preservation Corporation Entity Address: 100 Albany Street, Suite 250, New Brunswick, New Jersey 08901 Sale Amount: $20,741.63 Cost Basis: (X) $13.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $83,100.00 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) 90 Garside Street/Block 490/Lot 23/ Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 1,595.51 X $13.00 = $20,741.63. 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-g 110625 Deferred 7R2-c 112525

What this record is

Held by

Community Asset Preservation Corporation 2 records across this site

Amount

$83K

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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Community Asset Preservation Corporation also holds

Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose… $3K Newark, NJ

Committee

Economic and Housing Development

Introduced

May 23, 2025

On agenda

November 6, 2025

Passed

December 3, 2025

Where it was heard

Municipal Council Dec 3, 2025 Adopt Pass Municipal Council Nov 25, 2025 Defer Pass Municipal Council Nov 6, 2025 Defer Pass

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