25-1116
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: New Construction of a 3-family home for rent, two (2) affordable units and one (1) at market rate. Entity Name: Legacy Builders. The Future LLC Entity Address: 132 Verona Avenue, Newark, New Jersey 07104 Sale Amount: $30,380.35 Cost Basis: (X) $13.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $15,600.00 Appraised Amount: N/A 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) 106 Watson Avenue/ Block 3573/ Lot 6/ South Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,336.95 X $13.00 = $30,380.35. 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
- Future LLC 2 records across this site
- Amount
- $30K
- Runs until
- no end date published in this record
- Type
- rfp
- Field
- Construction
Read automatically from the title of the official record. The source document below is authoritative.
Future LLC also holds
Ratification and Approval of an Agreement Renewal with For The Future, Inc. for Medi-Cal Specialty Mental Health Services, in the Maximum Amount of $7…- Committee
- Economic and Housing Development
- Introduced
- August 6, 2025
- On agenda
- January 21, 2026
- Passed
- January 21, 2026