25-1202
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying ( x ) Authorizing ( x ) Amending Type of Service: Private Sale/Redevelopment Purpose: New construction of a 4-story building with 25 affordable residential units and 14 parking spaces Entity Name: 757 Sanford Management, LLC Entity Address: 124 Polk Street, Box #S-2, Newark, New Jersey 07105 Sale Amount: $150,000.00 Cost Basis: ( X ) $15.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $279,300.00 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) 757-763 Sandford Avenue/ Block 4131/ Lot 5,6,7,8/ West Ward Additional Information:
What this record is
- Held by
- 757 Sanford Management, LLC
- Amount
- $279K
- 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.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic and Housing Development
- Introduced
- September 3, 2025
- On agenda
- September 17, 2025
- Passed
- September 17, 2025
Where it was heard
Municipal CouncilWatch what Newark buys
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