25-1023
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate the property into a tailoring shop offering customized tailor services, and a training space for youth to learn tailoring, design and entrepreneurship skills Entity Name: COOLKID 49 Corp. Entity Address: 297 Meeker Avenue, Newark, New Jersey 07112 Sale Amount: $46,080.00 Cost Basis: (X) $20.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $164,700.00 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) 567 Bergen Street/Block 2659/Lot 53/ South Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,304 X $20.00 = $46,080.00. 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
- COOLKID 49 Corp
- Amount
- $165K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
- Field
- Health & social
health & social 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.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic and Housing Development
- Introduced
- July 15, 2025
- On agenda
- March 18, 2026
- Passed
- March 18, 2026
Where it was heard
Municipal CouncilWatch what Newark buys
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